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Blue Company sold a machine for $ 5 5 , 0 0 0 during the current year. The machinery had been acquired 5 years ago
Blue Company sold a machine for $ during the current year. The machinery had been acquired years ago for $ and had been fully depreciated. Its current A B is How will the gain be characterized $ Sec. gain $ ordinary gain $ ordinany gain $ ordinary gain$ Sec gain $ Sec gain
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