4) Company sold a machine for $2,200 on November 10th of the curre purchased for $2,600. Company had taken $1,200 of depreciation dedi through the date of the sale. What is Company 's gain or loss realized A) $800 gain. B) $1,000 gain. C) $1,200 loss. D) $1,400 loss. E) None of the choices are correct. 5) The sale of land held for investment results in the following type of A) Capital B) Ordinary C) $1231. D) $1245. E) None of the choices are correct. 4) Company sold a machine for $2,200 on November 10th of the curre purchased for $2,600. Company had taken $1,200 of depreciation dedi through the date of the sale. What is Company 's gain or loss realized A) $800 gain. B) $1,000 gain. C) $1,200 loss. D) $1,400 loss. E) None of the choices are correct. 5) The sale of land held for investment results in the following type of A) Capital B) Ordinary C) $1231. D) $1245. E) None of the choices are correct