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The sale for more than the original cost basis (before depreciation) of machinery used in a trade or business and held for more than one
The sale for more than the original cost basis (before depreciation) of machinery used in a trade or business and held for more than one year results in which of the following types of gain or loss? Capital and ordinary Ordinary only Capital and Sec. 1231 Sec. 1245 and Sec. 1231
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