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Lassen Corporation sold a machine to a machine dealer for $34,250. Lassen bought the machine for $55,500 and has claimed $21,000 of depreciation expense on
Lassen Corporation sold a machine to a machine dealer for $34,250. Lassen bought the machine for $55,500 and has claimed $21,000 of depreciation expense on the machine. What gain or loss does Lassen realize on the transaction
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