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On August 1 of year 0, Dirksen purchased a machine for $38,250 to use in its business. On December 4 of year 0 , Dirksen

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On August 1 of year 0, Dirksen purchased a machine for $38,250 to use in its business. On December 4 of year 0 , Dirksen sold the machine for $32,250. 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. . Dirksen depreciated the machinery using MACRS (seven-year recovery period). What are the amount and character of the gain or oss Dirksen will recognize on the sale if the machine is sold on January 15 of year 1 instead

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