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Butte sold a machine to a machine dealer for $50,800. Butte bought the machine for $54,200 several years ago and has claimed $12,100 of depreciation

Butte sold a machine to a machine dealer for $50,800. Butte bought the machine for $54,200 several years ago and has claimed $12,100 of depreciation expense on the machine. What is the amount and character of Butte's gain or loss?.

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