A) The following information applies to the questions displayed below. On August 1 of year Dirksen purchased machine for $26.250 to use in its businessOn December 4 of year 0Dirksen sold the machine for \$22.250 Use MACRS Table (Loss amounts should be indicated by a minus sign. Do not round percentages used for calculationsRound other intermediate computations to the nearest whole dollar amountLeave no answer blank. Enter zero if applicable.) What are the amount and character of the gain or loss Dirksen will recognize on the sale?

B) The following information applies to the questions displayed below On August 1 of year Dirksen purchased a machine for $26,250 to use in its businessOn December 4 of year Dirksen sold the machine for \$22,250 Use MACRS Table (Loss amounts should be indicated by a minus sign. Do not round percentages used for calculations. Round other intermediate computations to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable . b. Dirksen depreciated the machinery using MACRS (seven-year recovery periodWhat are the amount and character of the gain or loss Dirksen will recognize on the sale if the machine is sold on January 15 of year 1 instead?

Required information [The following information applies to the questions displayed below.] On August 1 of year 0 , Dirksen purchased a machine for $26,250 to use in its business. On December 4 of year 0 , Dirksen sold the machine for $22.250. Use MACRS Table. (Loss amounts should be indicated by a minus sign. Do not round percentages used for calculations. Round other intermediate computations to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.) a. What are the amount and character of the gain or loss Dirksen will recognize on the sale? Required information [The following information applies to the questions displayed below.] On August 1 of year 0 . Dirksen purchased a machine for $26,250 to use in its business. On December 4 of year 0 , Dirksen sold the machine for $22,250. Use MACRS Table. (Loss amounts should be indicated by a minus sign. Do not round percentages used for calculations. Round other intermediate computations to the nearest whole dollar amount. Leave no answer blank. Enter zero if opplicable.) o. Dirksen depreciated the machinery using MACRS (seven-year recovery period). What are the amount and character of the gain or oss Dirksen will recognize on the sale if the machine is sold on January 15 of year 1 instead? Table 1 MACRS Half-Year Convention \begin{tabular}{|l|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ Depreciation Rate for Recovery Period } \\ \hline & 3-Year & 5-Year & 7-Year & 10-Year & 15-Year & 20-Year \\ \hline Year 1 & 33.33% & 20.00% & 14.29% & 10.00% & 5.00% & 3.750% \\ \hline Year 2 & 44.45 & 32.00 & 24.49 & 18.00 & 9.50 & 7.219 \\ \hline Year 3 & 14.81 & 19.20 & 17.49 & 14.40 & 8.55 & 6.677 \\ \hline Year 4 & 7.41 & 11.52 & 12.49 & 11.52 & 7.70 & 6.177 \\ \hline Year 5 & & 11.52 & 8.93 & 9.22 & 6.93 & 5.713 \\ \hline Year 6 & & 5.76 & 8.92 & 7.37 & 6.23 & 5.285 \\ \hline Year 7 & & & 8.93 & 6.55 & 5.90 & 4.888 \\ \hline Year 8 & & & 4.46 & 6.55 & 5.90 & 4.522 \\ \hline Year 9 & & & & 6.56 & 5.91 & 4.462 \\ \hline Year 10 & & & & 6.55 & 5.90 & 4.461 \\ \hline Year 11 & & & & 3.28 & 5.91 & 4.462 \\ \hline Year 12 & & & & & 5.90 & 4.461 \\ \hline Year 13 & & & & & 5.91 & 4.462 \\ \hline Year 14 & & & & & 5.90 & 4.461 \\ \hline Year 15 & & & & & 5.91 & 4.462 \\ \hline Year 16 & & & & & 2.95 & 4.461 \\ \hline Year 17 & & & & & & 4.462 \\ \hline Year 18 & & & & & 4.461 \\ \hline Year 19 & & & & & & 4.462 \\ \hline Year 20 & & & & & & 461 \\ \hline Year 21 & & & & & & \\ \hline \end{tabular}