Lena is a sole proprietor. in april of this year, she sold equipment purchased four years ago for $26,000 with an adjusted basis of $15,500 for $17,000. later in the year, lena sold another piece of equipment purchased two years ago with an adjusted basis of $8,200 for $5,500. what are the tax consequences of these tax transactions?

lena has selecta:
(capital gain, a capital loss, an ordinary gain, an ordinary loss) of $ from the sale of the first equipment.
lena has selecta:

The company is experiencing an increase in competition, and at the same time they are building more production facilities in southeast asia. in this scenario, the top management team is most likely to multiple choice increase the cost of their products. restructure to reflect a more bureaucratic, stable organization. pull decision-making responsibility from low-level management, taking it on themselves. give lower-level managers the authority to make decisions to benefit the firm. rid themselves of all buffering product.