Kelko sells a plece of equipment used in her business for $14,853 on August 10, 2016 The equipment was purchased on January 4, 2015 at a cost of $12,849 Kelko has taken $3,855 of depreciation on the equipment What is the amount and classification of the gain on the sale by Keiko O 0 $5,859 Section 1231 gain O $3,855 ordinary income under Section 1245 and $2,004 Section 1231 gain O $3,855 Section 1231 gain and $2 004 ordinary income under Section 1245 $5,859 ordinary income under Section 1245

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Kelko sells a plece of equipment used in her business for $14,853 on August 10, 2016  The equipment was purchased on January 4, 2015 at a cost of $12,849  Kelko has taken $3,855 of depreciation on the equipment  What is the amount and classification of the gain on the sale by Keiko  O   0 $5,859 Section 1231 gain O $3,855 ordinary income under Section 1245 and $2,004 Section 1231 gain O $3,855 Section 1231 gain and $2 004 ordinary income under Section 1245  $5,859 ordinary income under Section 1245

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Kelko sells a plece of equipment used in her business for $14,853 on August 10, 2016. The equipment was purchased on January 4, 2015 at

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