On August 1 of year 0, Dirksen purchased a machine for $29,250 to use in its business. On December 4 of year 0, Dirksen sold the machine for $23,750. (Use MACRS Table.) (Loss amounts should be indicated by a minus sign. Do not round percentages used for calculations. Leave no answer blank. Enter zero if applicable.)

a. What is the amount and character of the gain or loss Dirksen will recognize on the sale?

otal Gain/(Loss) Recognized	not attempted
Character of Recognized Gain/(Loss):
Ordinary Gain/(Loss)	not attempted
1231 gain/(loss)