Multiple Choice
Terry has sold equipment used in her business.She acquired the equipment three years ago for $50,000 and has recognized $30,000 of depreciation across the years in use.In order to recognize any Sec.1231 gain,she must sell the equipment for more than
A) $0.
B) $20,000.
C) $30,000.
D) $50,000.
Correct Answer:
Verified
Correct Answer:
Verified
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