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A business machine purchased April 10, 2017, for $98,000. On August 15, 2019, the machine was fully deprecated and sold for $67,000. a) What is

A business machine purchased April 10, 2017, for $98,000. On August 15, 2019, the machine was fully deprecated and sold for $67,000.

a) What is the amount of the gain or loss from the sale of the machine?

b) What is the nature/character of the gain or loss from the sale of the machine?

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