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Butte sold a machine to a machine dealer for $51,100. Butte bought the machine for $53,900 several years ago and has claimed $11,950 of depreciation

Butte sold a machine to a machine dealer for $51,100. Butte bought the machine for $53,900 several years ago and has claimed $11,950 of depreciation expense on the machine. What is the amount and character of Butte's gain or loss? Multiple Choice $9.350 51231 loss. $2.800 $1231 loss $3350 ordinary goin $9150 capt gon

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