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Two years ago John purchased an icecream machine to used for his buisness for 7,000. He has taken deprciation deductionsof 3,000 over this period, and

Two years ago John purchased an icecream machine to used for his buisness for 7,000. He has taken deprciation deductionsof 3,000 over this period, and sold the machine for 5,000$ what will john includde on his tax return as a result of the sale?

A.1,000 taxed at long-term capital gain rates

B.1,000 taxed at ordinary income rates

C.2,000 long-term capital loss

D.2,000 ordinary loss

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