Thank you yes it helps, but it leads to the question of if there is a difference in accountability to the IRS for capital items disposed vs. expensed items disposed where both have some residual value. If a capital item is "converted to personal property" at its disposal, does the item get defined like "section 12xx property" somewhere? If one disposes of any item by converting it to personal property, then later sells it, how is the gain reported?
