Question 52
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Blue Company sold machinery for $45,000 on December 23, 2022. The machinery had been acquired on April 1, 2020, for $69,000 and its adjusted basis was $34,200. The § 1231 gain, § 1245 recapture gain, and §
1231 loss from this transaction are:
a. $0 § 1231 gain, $10,800 § 1245 recapture gain, $0 § 1231 loss.
b.$0 § 1231 gain, $0 § 1245 recapture gain, $14,800 § 1231 loss.
c. $0 § 1231 gain, $34,200 § 1245 recapture gain, $0 § 1231 loss.
Od. $0 § 1231 gain, $10,800 § 1245 recapture gain, $34,200 § 1231 loss.