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Multiple Choice 8-14 Section 1231 Gains and losses, Depreciation Recapture (LO 1.7, .) In 2019, Mary sells for $24,000 a machine used in her business.

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Multiple Choice 8-14 Section 1231 Gains and losses, Depreciation Recapture (LO 1.7, .) In 2019, Mary sells for $24,000 a machine used in her business. The machine was purchased on May 1, 2017, at a cost of $22.000. Mary has deducted depreciation on the machi amount and nature of Mary's gain as a result of the sale of the machine? O $2.000 Section 1231 an b. $6,000 ordinary income and $2,000 Section 1231 gain c. $6.000 ordinary income under Section 1245 d. $6,000 Section 1231 gain and $2.000 ordinary income under Section 1245 n e of these choices are correct O

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