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Business, 02.09.2019 07:00 kissesforlester7097
Asole proprietor of a farm implement store sold a truck for $15,000 that had been used to make service calls. the truck cost $30,000 three years ago, and $21,360 depreciation was taken. what is the appropriate classification of the $6,360 gain for tax purposes?
a. section 1231 gain.
b. long-term capital gain.
c. ordinary gain.
d. short-term capital gain
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