htps low/connect htm 0 Required information Problem 11-41 (LO 11-3, LO 11-4) The following information applies to the questions displayed below In year 0, Longworth Partnership purchased a machine for $64750 to use in its business. In year 3, Longworth sold the machine for $43,200 Between the date of the purchase and the date of the sale, Longworth depreciated the machine by $23,900 (Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.) Problem 11-41 Part- e. What is the amount and character of the gain (loss) Longworth will recognize on the sale? Character of Recogniced Ganl.oss) Ordinary Gainilloss) 1231 ganloss) 123 of Next>