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Sal and Nan owned 90% and 10% ofthe SN Partnership, respectively. SNo a foundry. Sal sold a machine, capital asset to him but to be

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Sal and Nan owned 90% and 10% ofthe SN Partnership, respectively. SNo a foundry. Sal sold a machine, capital asset to him but to be used in the SN business perated erations, with a basis of $4,000 to the partnership for $8,000. The amount and character of gain recognized to Sal is: e. $0. b. $2,000 ordinary a $2,000 capital gain. d. $8,000 ordinary

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