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Yousef sold the following assets used in his business during 2 0 2 4 : Office equipment, purchased for $ 1 6 , 0 0

Yousef sold the following assets used in his business during 2024:
Office equipment, purchased for $16,000, had a zero basis. The automobile was purchased for $4,000 and sold for $2,400. The XYZ stock was purchased for $3,600 and sold for $6,400. In 2024, the
year of the sale, Yousef should report what amount of net capital gain and net ordinary income?
a. $5,000 LTCG and $1,600 ordinary loss.
b. None of the choices presented are correct.
c. $2,800 LTCG and $600 ordinary gain.
d. $3,400 LTCG.
e. $1,200 LTCG and $600 ordinary gain.
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