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Business, 28.06.2019 16:20 asmita9876

Bozeman sold equipment that it uses in its business for $80,000. bozeman bought the equipment two years ago for $75,000 and has claimed $20,000 of depreciation expense. what is the amount and character of bozeman's gain or loss? $5,000 ordinary gain, and $20,000 §1231 gain. none of the choices are correct. $25,000 capital gain. $20,000 ordinary gain, and $5,000 §1231 gain. $25,000 §1231 gain.

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