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Sarah sold a business-use machine for $51,400. Sarah bought the machine for $53,600 several years ago and has claimed $11,800 of depreciation expense on the
Sarah sold a business-use machine for $51,400. Sarah bought the machine for $53,600 several years ago and has claimed $11,800 of depreciation expense on the machine. What is the amount and character of Sarah's gain or loss?
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