Question: Leesburg sold a machine for $ 2 , 5 0 0 on November 1 0 th of the current year. The machine was purchased for

Leesburg sold a machine for $2,500 on November 10th of the current year. The machine was purchased for $3,500. Leesburg had taken $1,357 of depreciation deductions on the machine through the date of the sale. What is Leesburg's gain or loss realized on the machine?

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