A business machine purchased April 10, 2016, for $98,000 was fully depreciated in 2016 using § 179 immediate expensing. On August 15, 2018, the machine was sold for $67,000. What is the amount and nature of the gain or loss from disposition of the machine?

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The Answer of A business machine purchased April 10, 2016, for $98,000 was fully depreciated in 2016 using § 179 immediate expensing. On August 15, 2018, the machine was sold for $67,000. What is the amount and nature of the gain or loss from disposition of the machine?

A Business Machine Purchased April 10, 2016, for $98,000 Was