Green Company acquires a new machine for use in its manufacturing operations, places it in service, but then discovers that it is not suitable for Green's business. Consequently, Green sells the machine 10 months after it was acquired. There is a $10,000 loss on the disposition. When the machine was disposed of, it was a(an): a. capital asset which results in a capital loss. b. ordinary asset which results in an ordinary loss. c. $1231 asset which results in a capital loss. d. $1231 asset which results in an ordinary loss. Source Describe a collectible and explain the tax preference it is afforded. S