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I need typed answer with explanation otherwise I will report to your answer and don't use AI BOT. Explain step by step i will thumb up. Don't give direct answer I will report to your answer.

Jacob purchased business equipment for $56,000 in 2016 and has taken $35,000 of regular MACRS depreciation. Jacob sells the equipment in 2019 for $26,000. What is the amount and character of Jacob's gain or loss? If an amount is zero, enter "0". Jacob has $ 1245 gain of $ and $ 1231 gain of $

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