How is the sale of the servers be treated for tax purposes

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Reference no: EM133610273

Question: Five years ago, Brian purchased servers to store data used in his business for $15,000. He had taken depreciation deductions of $6,000 over this period, and sold the servers for $10,000 after replacing them with the newest models. How is the sale of the servers be treated for tax purposes?

Reference no: EM133610273

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