uestion 24 of 75. hich of the following statements regarding the installment sale of an entire business is FALSE? The sale price and xpense of sale of an entire business must be allocated because: Real and personal property can be reported on the installment method but inventory cannot. Any depreciation recapture income from the sale of depreciable property cannot be reported on the installment method. Assets sold at a loss cannot be reported using the installment method. Intangible property cannot be reported using the installment method. Mark for follow up Back Save / Return Later Summary Next