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Davidson C Corporation sold an office building that it used in its business for $800,000. Davidson bought the building 10 years ago for $600,000 and
Davidson C Corporation sold an office building that it used in its business for $800,000. Davidson bought the building 10 years ago for $600,000 and has claimed $200,000 of depreciation expense. What is the amount and character of Davidson's gain or loss?
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