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Yoonah sells a plece of specialized equipment ( with a high resale value ) used in a business for $ 4 1 , 6 5
Yoonah sells a plece of specialized equipment with a high resale value used in a business for $ on September The equipment was purchased on May for $ Yoonah has taken $ of depreciation on the equipment. What are the amount and classification of the gain on the sale by Yoonah?
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$ Section gain
$ Section gain and $ Section ordinary income
$ ordinary income under Section and $ Section gain
$ ordinary income under Section and $ Section gain
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