Question: John owns two machines, Machine A was purchased five years ago for $ 3 0 , 0 0 0 and has $ 5 , 0

John owns two machines, Machine A was purchased five years ago for $30,000 and has $5,000 of remaining basis. John sells machine A in the current year for $3,000. Machine B was purchased two years ago for $15,000. He plans to sell Machine B next year for $18,000 at which time he estimates $13,000 of remaining basis. What is the tax effect of selling the machines?

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