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The options are gain or loss where it says gain Exercise 3-22 (Algorithmic) (LO. 8) Rebecca sells her personal scooter for $3,600. She purchased the

The options are gain or loss where it says gain

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Exercise 3-22 (Algorithmic) (LO. 8) Rebecca sells her personal scooter for $3,600. She purchased the scooter for $4,320 three years ago. She also sells a painting for $6,221 that she acquired five years ago for $5,184. What are the tax implications of these sales? Rebecca has a realized gain on the scooter and a realized gain on the painting. Rebecca will recognize the gain or loss associated with only the painting only the painting only the scooter both the painting and the scooter

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