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Bateman Corporation sold an office building that it used in its business for $800,700. Bateman bought the building ten years ago for $599,650 and has
Bateman Corporation sold an office building that it used in its business for $800,700. Bateman bought the building ten years ago for $599,650 and has claimed $201,050 of depreciation expense. What is the amount and character of Bateman's gain or loss?..
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