Question: Accounting problem Butte sold a machine to a machine dealer for $ 5 1 , 0 0 0 . Butte bought the machine for $

Accounting problem
Butte sold a machine to a machine dealer for $51,000. Butte bought the machine for $54,000 several yesrs ago and has claimed $12,000 of depreciation on machine. What is the amount and chsracter of Butte's gain or loss?

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