Question: pls advise the correct answer. notes please. thanks Terry has sold equipment used in her business. She acquired the equipment three years ago for $50,000

pls advise the correct answer. notes please. thanks

pls advise the correct answer. notes please. thanks Terry has sold equipment

Terry has sold equipment used in her business. She acquired the equipment three years ago for $50,000 and has recognized $30,000 of depreciation across the years in use. In order to recognize any Sec. 1231 gain, she must sell the equipment for more than O A. $0 O B. $20,000. OC. $30,000 D. $50,000

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