Keiko sells a piece of equipment used in her business for $14,853 on august 10, 2018. the equipment was purchased on january 4, 2017 at a cost of $12,849. keiko has taken $3,855 of depreciation on the equipment. what is the amount and classification of the gain on the sale by keiko? a) $5,859 section 1231 gain. b) $3,855 ordinary income under section 1245 and $2,004 section 1231 gain. c) $3,855 section 1231 gain and $2.004 ordinary income under section 1245. d) $5,859 ordinary income under section 1245.
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Keiko sells a piece of equipment used in her business for $14,853 on august 10, 2018. the equipment...
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