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Required information The following information applies to the questions displayed below. 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? 
Required information
The following information applies to the questions displayed below.
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?
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