On August 1 of year 0 , Dirksen purchased a machine for $29,500 to use in its business. On December 4 of year 0, Dirksen sold the machine for $24,500. Use MACRS Table. Note: Loss amounts should be indicated by a minus sign. Do not round percentages used for calculations. Round other intermediate computations to the nearest whole dollar amount. Leave no answers blank. Enter zero if applicable. Problem 11-42 Part-a (Algo) a. What are the amount and character of the gain or loss Dirksen will recognize on the sale? Table 1 MA CDC Wolf Vano Can