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The tax treatment regarding the sale of existing assets that are sold for more than the book value but less than the original purchase price
The tax treatment regarding the sale of existing assets that are sold for more than the book value but less than the original purchase price results in a a ordinary tax benefit b capital gain tax libility and recaptured depreciation taxed as ordinary income c. repatures depreciation taxed as ordinary income d capital gain tax liability
a ordinary tax benefit
b capital gain tax libility and recaptured depreciation taxed as ordinary income
c. repatures depreciation taxed as ordinary income
d capital gain tax liability
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