QUESTION 5 In year 0, Longworth Partnership purchased a machine for $40,000 to use in its business. In year 3, Longworth sold the machine for $13,000. Between the date of the purchase and the date of the sale, Longworth depreciated the machine by $22,000. What is the amount of the $1231 gain (loss) Longworth will recognize on the sale? 2 points Save Answer QUESTION 6 2 points Save Answer Moran owns a building he bought during year 0 for $150,000. He sold the building in year 6 and received $171,000. During the time he held the building he depreciated it by $33,000. What is the amount of the unrecaptured $1250 gain?