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How much and what character of gain will peter recognize

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Question - Peter sells a machine used in his trade or business for $25,000. Peter originally purchased the machine several years ago for $20,000. The adjusted basis of the machine is $10,000. How much (and what character of gain) will Peter recognize?

A - $10,000 of Section 1245 Recapture and $5,000 of Section 1231

B - $10,000 of Section 1231 and $5,000 of Section 1245 Recapture

C - $10,000 of Section 1231 and $5,000 of Section 1250 Recapture

D - $10,000 of Section 1250 Recapture and $5,000 of Section 1231

E - $15,000 of Section 1250 Recapture

F - $15,000 of Section 1231

Reference no: EM133095578

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