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blue corporation sold machinery for 50,000 on dec 31, 2023. the machinery had been purchased on jan 2,2020 for 60,000 and had adjusted basis of
blue corporation sold machinery for 50,000 on dec 31, 2023. the machinery had been purchased on jan 2,2020 for 60,000 and had adjusted basis of 40,000 at the date of the sale. for 2023, what should blue report
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