Section 1245 recapture applies to all the following except
A) depreciable personal property.
B) assets sold or exchanged at a loss.
C) total depreciation or amortization allowed or allowable.
D) amortizable intangible personal property.
Answer: B
Section 1245 recapture applies to all the following except
A) depreciable personal property.
B) assets sold or exchanged at a loss.
C) total depreciation or amortization allowed or allowable.
D) amortizable intangible personal property.
Answer: B