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QUESTION 3 In year 0. Longworth Partnership purchased a machine for $40,000 to use in its business. In year 3 Longworth sold the machine for

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QUESTION 3 In year 0. Longworth Partnership purchased a machine for $40,000 to use in its business. In year 3 Longworth sold the machine for $34,000. Between the date of the purchase and the date of the sale Longworth depreciated the machine by $22,000. What is the amount of th $1231 gain (loss Longworth will recognize on the sale? 6789

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