1. Determine the amount and the character of the recognized gain or loss from the disposition of each asset.
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Home » Business » Goyo Industries (a sole proprietorship) sold three § 1231 assets during 2019. Data on these property dispositions are as follows: Asset Cost Acquired Depreciation Sold For Sold On Machine #1 $85,000 08/31/15 $32,000 $60,000 12/04/19 Machine #2