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Bread Pitt is a bakery specializing in the production of sourdough bread. Bread Pitt Inc. bought an oven for $1,000, 10 years ago. It is
Bread Pitt is a bakery specializing in the production of sourdough bread. Bread Pitt Inc. bought an oven for $1,000, 10 years ago. It is now worth $100. Dale E. Bread wants to transfer this to a subsidiary corporation, The Great EsCake. Could Section 85 be beneficial for Bread Pitt Inc.? a) Yes b) No
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