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Decker sold equipment for $200,000. The equipment was purchased for $160,000 and had accumulated depreciation of $60,000 What amount is reported as ordinary income under
Decker sold equipment for $200,000. The equipment was purchased for $160,000 and had accumulated depreciation of $60,000 What amount is reported as ordinary income under Code Sec. 1245? A $0 Q B. $40,000 C. $60,000 D. $100,000
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