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P&G Corporation, a C corporation, sold the following business use assets in 202 2 . Compute the amount and character of any gain or loss
P&G Corporation, a C corporation, sold the following business use assets in 2022. Compute the amount and character of any gain or loss P&G Corporation must report from the disposition of each asset (e.g., 1231 gain or loss, ordinary gain or loss, 1245 recapture, etc.). Assume that P&G Corporation has no Section 1231 losses in prior years. Please show your work and explain your calculations.
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