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Joan bought a business machine for $15,000 on January 1, 2011, and later sold the machine for $12,800 when the total allowable depreciation is $8,500. The depreciation actually taken on the tax returns totaled $8,000. Joan must recognize a gain (or loss) of:

A) no gain or loss.

B) ($3,200).

C) $6,800.

D) $6,300.

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