Which statement is not true about Section 1245? Question 19 options: A) Section 1245 affects...
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Accounting
Which statement is not true about Section 1245? Question 19 options: A) Section 1245 affects the character of the gain, not the amount of the gain. B) Section 1245 does not apply to assets sold or exchanged at a loss. C) Section 1245 recapture applies to the total depreciation or amortization allowed or allowable but not more than the realized gain. D) Section 1245 ordinary income can be more than the realized gain.
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