Andrea sold a piece of machinery she used in her business for ten months. The amount realized was $50,100 and the adjusted basis was $55,500. What is Andrea's gain or loss realized, and what is the character of the gain or loss?

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The Answer of Andrea sold a piece of machinery she used in her business for ten months. The amount realized was $50,100 and the adjusted basis was $55,500. What is Andrea's gain or loss realized, and what is the character of the gain or loss?

Andrea Sold a Piece of Machinery She Used in Her