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What is the gain or loss realized on the sale of the machine

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Question - Spotman, a dry cleaning business, sold a machine for $3,000 on November 18th of the current year. The machine was purchased for $3,600. The company had taken $1,400 of depreciation deductions on the machine through the date of the sale. What is the gain or loss realized on the sale of the machine?

Reference no: EM133183989

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