Suzanne, an individual, began business four years ago and has never sold a $1231 asset. Suzanne owned each of the assets for sever Asset Machinery Fumiture Building Accumulated Original Cost $ 12,000 10,000 90,000 Depreciation $7,000 2,000 20,000 Gain/Loss $6,000 (3,000) 15,000 Assuming Suzanne's marginal ordinary income tax rate is 32 percent, what is the character of the gains and losses and what affect do th For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph XX < Arial - 10pt BB A L never sold a 1231 asset. Suzanne owned each of the assets for several years. In the current year, Suzanne sold the following business asset= Gain/Loss $6,000 (3,000) 15,000 cent, what is the character of the gains and losses and what affect do they have on Suzanne's tax liability? A IxO 10pt IT