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