Terry has sold equipment used in her business.She acquired 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

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The Answer of Terry has sold equipment used in her business.She acquired 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

Terry Has Sold Equipment Used in Her Business