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Rick is a sole proprietor who has a small busi- ness currently operating at a loss. He would like to discontinue depreciating the fixed assets
Rick is a sole proprietor who has a small busi- ness currently operating at a loss. He would like to discontinue depreciating the fixed assets of the business for the next few years and to carry the deductions over to a future period. What tax consequences would result if Rick implements the plan to discontinue depreciation and then sells some of the depreciable assets several years later?
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