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Sam buys machinery for use in a trade or business for $100,000. After three year $30,000 of depreciation has properly been deducted. Give the amount
Sam buys machinery for use in a trade or business for $100,000. After three year $30,000 of depreciation has properly been deducted. Give the amount and character off the gain of loss in each of the following independent cases:
a) Sam sells the machine for $82,000.
b) Sam sells for $69,500
c) Sam sells for $103,400.
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