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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. What is the

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

  1. What is the amount of the gain or loss from the sale of the machine?
  2. What is the nature/character of the gain or loss from the sale of the machine?

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