Business, 17.04.2020 19:05 Jonah58

Carly's Classic Limo Service sold one of its automobiles for $19,000. The car was an antique car that Carly used to promote the business. The car had an original cast of $13,000 with $11,000 in accumulated depreciation. The recognized gain on the sale was $. Carly will recognize ordinary income due to depreciation recapture of $ and Section 1231 gain of $.

a.$17,000
b.$11,000
c.$6,000

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Carly's Classic Limo Service sold one of its automobiles for $19,000. The car was an antique car tha...