Question: Early in 2 0 2 2 , a laundry business bought a commercial washing machine for $ 1 0 , 0 0 0 . Assume

Early in 2022, a laundry business bought a commercial washing machine for $10,000. Assume that in 2022, the company took a $10,000 bonus depreciation deduction on the washing machine. At the end of the 2023, the company sold the machine for $11,000.

What are the tax consequences of the sale of the washing machine?

  

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