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If depreciable equipment used in a business is sold at a recognized gain on July 10, 2019, and it was purchased on August 21, 2018,
If depreciable equipment used in a business is sold at a recognized gain on July 10, 2019, and it was purchased on August 21, 2018, does 1245 depreciation recapture apply to the asset? Explain your answer using the 1245 requirements.
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