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Franco converted a building from personal to business use in May 2017 when the fair market value was $57,500. He purchased the building in July

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Franco converted a building from personal to business use in May 2017 when the fair market value was $57,500. He purchased the building in July 2014 for $92,000. On December 15 of this year, Franco sells the building for $46,000. On the date of sale, the accumulated depreciation on the building is $5,815. What is Franco's recognized gain or loss on the sale? Loss recognized

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