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Posted on Jul 16, 2024

Sunshine LLC sold furmiture for $ 7 5 , 0 0 0 . Sunshine bought the furniture for $ 9 0 , 0 0 0

Sunshine LLC sold furmiture for $

75, 000 .

Sunshine bought the furniture for $

90, 000

several years ago and has claimed $

25, 000

of depreciation expense on the machine. What is the amount and character of Sunshinte's gain or loss?

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