8 Required information The following information applies to the questions displayed below On August 1 of year O, Dirksen purchased a machine for $40,500 to use in its business. On December 4 of year O, Dirksen percentages used for calculations. Round other intermediate computations to the nearest whole dollar amount. Leave Part 1of2 sold the machine for $37,250. Use MACRS Table. (Loss amounts should be indicated by a minus sign. Do not round no answer blank. Enter zero if applicable.) points a. What is the amount and character of the gain or loss Dirksen will recognize on the sale? eBook Description Amount Total Gain/Loss) Recognized Character of Recognized Gain/(Loss): Ask Ordinary Gain/(Loss) Print 51231 gain/(loss) References