The Lexington Partnership has a depreciable business asset (personal property) that it originally purchased for $84,600. The asset now has an adjusted basis of $50,760 and a market value of $101,520. The partnership has no other potential hot assets. Ambroz sells his 25% interest in the partnership. How much ordinary income does Ambroz recognize when he sells this partnership interest

Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.