Which of the following statements regarding the instalment sale of an entire bussiness is false? the sale price and expense of sale of an entire bussiness must be allocated because

1.Real and personal property can be reported on the instalment method but inventory can not.

2. any depreciation recaptureincome from the sale of depreciable property cannot be reported on the instalment method.

3.asset sold at a loss cannot be reported usins the instalment methord

4. intangable properyty cannot be reported using the instalment method.