Alexandra sold equipment that she uses in her business for $101,900. Alexandra bought the equipment two years ago for $90,950 and has claimed $7,425 of depreciation expense. What is the amount and character of Alexandra's gain or loss?

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The Answer of Alexandra sold equipment that she uses in her business for $101,900. Alexandra bought the equipment two years ago for $90,950 and has claimed $7,425 of depreciation expense. What is the amount and character of Alexandra's gain or loss?

Alexandra Sold Equipment That She Uses in Her Business for $101,900