Question: Please answer the following: Select Properties Sold that are Section 1245: There are mulitple answers please select all the correct ones Wine Collection Marketable Securities

Please answer the following:
Select Properties Sold that are Section 1245: There are mulitple answers please select all the correct ones
- Wine Collection
- Marketable Securities
- Office Tables
- Business Equipment
- Land of Investment
- Truck
- Office Chairs
- Storage Building
Dean and Ellen Price are married and have a manufacturing business. They bought a piece of business equipment (7-year personal property) on 4/1/2018 for $50,000. Use half-year convention to calculate the MACRS depreciation deduction on the equipment for 2018 and 2019 They also has a pick-up truck used for business (5-year recovery period) acquired on 8/23/2018 for $25,000. On 11/15/2019, he sold the pick-up truck for $24,000. Use the half-year convention to calculate the MACRS depreciation on the truck for 2018 and 2019. On 10/26/2019 Dean sold his old storage building used for his business for $220,000. They purchased the building in 2001 for $100,000. Total depreciation (accumulated depreciation) taken on the building is $20,000. His 2019 Business income and expenditures (Schedule -C): Sales $657,500 Cost of goods sold Other business expenses (incl. deprecation taken on the storage building) $315,000 $140,000 In 2019 Dean also sold various assets. The information about the selling price and depreciation of the property is listed below. In 2019 Dean sold his wine collection for $9,000, which is bought two years ago for $8,000. They also has a short-term capital loss carryover of $10,000 from 2009
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