Multiple Choice
A corporation sells a machine used in its business for 9 years for $22,000.The machine originally cost $120,000 and was fully depreciated.Its gain will be treated as:
A) Capital gain
B) Section 1231 gain
C) Section 1245 recapture
D) Section 1250 recapture
Correct Answer:
Verified
Correct Answer:
Verified
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