Corporation sold computer equipment for $22,000 on October 31,2023. The equipment had been purchased in...

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Accounting

Corporation sold computer equipment for $22,000 on October 31,2023. The equipment had been purchased in 2019, for $40,000 and had an adjusted basis of $9,000 at the date of the sale. For 2023, what type of gain should they report, and for how much?

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