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On August of year Dirksen purchased a machine for $ to use in its business. On December of year Dirksen sold the machine for $ Use MACRS Table.
Note: Loss amounts should be indicated by a minus sign. Do not round percentages used for calculations. Round other intermediate computations to the nearest whole dollar amount. Leave no answers blank. Enter zero if applicable.
b Dirksen depreciated the machinery using MACRS sevenyear recovery period What are the amount and character of the gain or loss Dirksen will recognize on the sale if the machine is sold on January of year instead?
tableDescriptionAmountTotal Gain or Loss Recognized,Character of Recognized Gain or LossOrdinary Gain or Loss$ gain or loss
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