Which of the following Code provisions or combinations of Code provisions cannot apply to the sale of a single asset?

Name: Which of the following Code provisions or combinations of Code provisions cannot apply to the sale of a single asset?
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Question

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Sections 1245 and 1250 cannot apply to the sale of a single asset because Section 1245 applies to personal property and certain depreciable property, while Section 1250 applies to real property. An asset cannot simultaneously be both types.

Which of the Following Code Provisions or Combinations of Code