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Marie sold equipment used in her business. She acquired the equipment three years ago for $40,000 and has claimed $18,000 of depreciation since acquiring the
Marie sold equipment used in her business. She acquired the equipment three years ago for $40,000 and has claimed $18,000 of depreciation since acquiring the property. In order to recognize any long-term capital gain on a sale of the property, Marie must sell the equipment for more than Select one: O A. $18,000. O B. $22,000. O C. $0. O D. $40,000.
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