(Answered) Vertical inc has a 2016 net section 1231 gain of 43000 and

Accounting

Vertical, Inc., has a 2016 net Section 1231 gain of $43,000 and had an $18,000 net Section 1231 loss in 2015. Vertical's first year in business was 2015. For 2016, calculate how much of Vertical's net Section 1231 gain is ordinary gain and how much is capital gain.

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