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EB Corporation, a C corporation, purchases a warehouse on August 1 , 2 0 0 7 , for $ 1 MILLION Straight - line depreciation

EB Corporation, a C corporation, purchases a warehouse on August 1,2007, for $ 1 MILLION Straight-line depreciation is taken in the amount of $411,750 before the property is sold on June 12,2023, for $1.2 MIL. What is the amount and character of the gain recognized by EB on the sale of the realty?

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