Determining whether a gain made by a company

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Problem 1: Which of the following factors is NOT relevant in determining whether a gain made by a company from the disposal of real property is income or capital in nature?

A. The length of ownership of the asset
B. The intention of the company at the time the asset was acquired
C. Whether the company is a private or public limited company
D. Whether the company has any experience in trading in real property

Reference no: EM132944824

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