Postum Partnership purchases a building in 2018for $250,000. It deducts $5,600 in depreciation on the building in

Question:

Postum Partnership purchases a building in 2018for $250,000. It deducts $5,600 in depreciation on the building in 2018, $6,400 in 2019, $6,400 in 2020, and $3,200 in 2021. It sells the building in 2021for $260,000. What is the partnership’s gain or loss on the sale of the building?

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