Al Bati sold a machine to a dealer for $50,400. Al Bati bought the machine...
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Accounting
Al Bati sold a machine to a dealer for $50,400. Al Bati bought the machine for $54,600 several years ago and has claimed $12,300 of depreciation expense. How much is the amount and what is the character of Al Bati's gain or loss?
Multiple Choice
None of the choices are correct.
$8,100 capital gain.
$4,200 1231 loss.
$8,100 ordinary gain.
$8,100 1231 loss.
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