Why did congress establish favorable treatment for 1231, Ask an Expert

Accounting

Why did Congress establish favorable treatment for 1231 assets?

I. to encourage the mobility of capital
II. to allow a larger deduction for losses
III. to help business owners replace assets which had declined in value

A. I only
B. II only
C. III only
D. I and II only
E. I, II, and III

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Category:- Accounting Basics
Reference No.:- M9279098

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