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What is the impact on taxes when the manager sells an asset at a loss? The manager at the Chesapeake Bay Crab House reported

What is the impact on taxes when the manager sells an asset at a loss?  

The manager at the Chesapeake Bay Crab House reported a current disposal value of an old fish processing machine at $8,200. The current book value on the old machine is $43,500.  

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 Compute the loss on disposal of the old machine. 


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