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Butte sold a machine to a machine dealer for $51,000. Butte bought the machine for $54,000 several years ago and has claimed $12,000 of depreciation

Butte sold a machine to a machine dealer for $51,000. Butte bought the machine for $54,000 several years ago and has claimed $12,000 of depreciation expense on the machine. What is the amount and character of Butte's gain or loss? Multiple Choice $9,000 $1231 loss None of the choices are correct $9.000 capital gain $9.000 ordinary gain

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