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Alpha sold machinery, which it used in its business, to Beta, a related entity, for $39,950. Beta used the machinery in its business. Alpha bought

Alpha sold machinery, which it used in its business, to Beta, a related entity, for $39,950. Beta used the machinery in its business. Alpha bought the machinery a few years ago for $50,050 and has claimed $29,950 of depreciation expense. What is the amount and character of Alpha's gain?

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