In June 2021, ?Shanna purchased and placed into service an $11,000 ?piece of equipment for...
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Accounting
In June ?Shanna purchased and placed into service an $ ?piece of equipment for exclusive use in her business. She claimed the special depreciation allowance that year. In December ?Shanna soid the equipment for $ ?How is her income from the sale of this property treated for tax purposes?
$ ?capital gain; $ ?ordinary income.
$ ?capital gain; $ ?ordinary income.
$ ?capital gain; $ ?ordinary income.
$ ?capital gain; $ ?ordinary income.
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