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Business, 25.05.2021 01:20 jeanetteelliotp9ru6m

Lena is a sole proprietor. In April of this year, she sold equipment purchased four years ago for $53,200 with an adjusted basis of $31,920 for $35,112. Later in the year, Lena sold another piece of equipment purchased two years ago with an adjusted basis of $15,960 for $10,374. What is the amount and character of Lena's gain or loss?

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Lena is a sole proprietor. In April of this year, she sold equipment purchased four years ago for $5...
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