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Author Question: Any gain or loss resulting from the sale or disposition of depreciable property used in trade or ... (Read 119 times)

Kthamas

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on: Sep 13, 2020

Question 1

Which of the following assets is 1231 property?
◦ a machine used in the company's manufacturing operations
◦ an investment in corporate stock
◦ land held for investment
◦ items held for resale by a retailer

Question 2

Any gain or loss resulting from the sale or disposition of depreciable property used in trade or business and held one year or less is considered ordinary.
◦ true
◦ false
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by Kthamas on Sep 13, 2020

amandanbreshears

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Kthamas

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

aliotak

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Reply 3 on: Yesterday
:D TYSM

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