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Mary purchased a video camera for her business in 2022. If Mary were to sell that camera in late 2022 at a gain, how would
Mary purchased a video camera for her business in 2022. If Mary were to sell that camera in late 2022 at a gain, how would the gain be taxed (assume no depreciation is claimed on the camera)?
a) Section 1231 gain
b) Section 1245 gain
c) Section 1250 gain
d) Short-term capital gain
e) Ordinary income
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