Question: A small convenience store fully depreciates a refrigerator with a cost basis of $4,000, and the sells it for $4, 200 How would this transaction

A small convenience store fully depreciates a refrigerator with a cost

A small convenience store fully depreciates a refrigerator with a cost basis of $4,000, and the sells it for $4, 200 How would this transaction be taxed? As capital gains As ordinary income Both as capital gains and ordinary income As capital losses

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