which of the following transactions results solely in 51245 gain taxed as ordinary income? Multiple Choice Sale of machinery held for more than one year, where the gain realized is less than the accumulated deprecation. Sale of machinery held for more than one year and where the gain realized exceeds the accumulated depreciation. Sale of a factory building held for more than one year and where the accumulated depreciation is less than the gain realized d for Sale of land held for more than one year and where the amount realized exceeds the adjusted basis. None of these