The sale of machinery for more than the original cost basis (before depreciation), used in a business,

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The sale of machinery for more than the original cost basis (before depreciation), used in a business, and held for more than one year results in the following types of gain or loss?

A. Capital and Ordinary

B. Ordinary Only

C. 1245 and 1231

D Capital and 1231

E None of the choices are correct

Posted Date: Jun 14, 2024 06:26 AM

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The sale of machinery for more than the original cost basis (before depreciation), used in a business,

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