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Select one of the following statements about depreciation recapture

that is FALSE: A. Depreciation recapture does not apply to land. B. Depreciation recapture reduces the total amount of gain recognized. C. Depreciation recapture changes the character of the gain recognized from treatment as long-term capital gain (for a Sec. 1231 gain) to ordinary income. D. Depreciation recapture does not affect losses recognized on the disposition of Sec. 1231 assets.

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Step-by-step explanation

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