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Bateman Corporation sold an office building that it used in its business for $800,100. Bateman bought the building 10 years ago for $599,950 and claimed
Bateman Corporation sold an office building that it used in its business for $800,100. Bateman bought the building 10 years ago for $599,950 and claimed $200,150 of depreciation expense. What is the amount and character of Bateman's gain or loss?
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