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A business machine purchased April 1, 2015, for $108,000 was fully depreciated in 2015 using 179 immediate expensing. On August 15, 2017, the machine was
- A business machine purchased April 1, 2015, for $108,000 was fully depreciated in 2015 using 179 immediate expensing. On August 15, 2017, the machine was sold for $77,000. What is the amount and nature of the gain or loss from disposition of the machine?
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