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On December 1 , 2 0 2 3 , a corporation sold equipment for a gain of $ 5 0 , 0 0 0 .

On December 1,2023, a corporation sold equipment for a gain of $50,000. It was purchased and placed in service on November 1,2022. Depreciation of $30,000 was deducted up to the date of sale. What is the character of the gain?
A. Capital gain of $50,000 and ordinary income of $0
B. Ordinary income of $30,000 and 1231 gain of $20,000
C. Ordinary income of $50,000
D. $1231 gain of $50,000 and ordinary income of $0
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