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Dana purchases an automobile for personal use for $27,000. After using it for three years, Dana converts the automobile to business use when the fair market value is $19,000. After a few months of business use, Dana sells the automobile for $18,000. What is the amount of gain or loss recognized on the sale of the automobile?
Hue
Describes a color or shade, highlighting the aspect of color that is determined by the wavelength of light.
Wavelength
The distance between successive peaks of a wave, often used in the context of electromagnetic waves like light or sound.
Intensity
The degree of strength, power, or force of something, often related to sensations, feelings, or signals.
Blind Spot
An area in the visual field that lacks detection of light due to the absence of receptor cells on the optic disc of the retina.
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