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Erika Corporation sold an office building that it used in its business for $600,000. Erika bought the building ten years ago for $400,000 and has

Erika Corporation sold an office building that it used in its business for $600,000. Erika bought the building ten years ago for $400,000 and has claimed $100,000 of depreciation expense. What is the amount and character of Erikas gain or loss?

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