BiWi sold a business asset, machinery, for $60,000. They bought the machine for $125,000 several...
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Accounting
BiWi sold a business asset, machinery, for $60,000. They bought the machine for $125,000 several years ago and have claimed $75,000 of depreciation expense on the machine. What is the amount and character of BiWis gain or loss? Amount _______________ ; Character __________________
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