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The Huckleberry Corporation owns equipment with a $$340,000$ adjusted basis. The equipment was purchased six yea ago for $$660,000.$ Assume Huckleberry sells the equipment for the selling prices given in the three independent cases below.

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Requirement

What are the amount and character of Huckleberry's recognized gain or loss? $($Assume the adjusted basis of the equipment was calculated using the depreciation that is allowed or allowable.$)$