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Henry Oldham purchased the office building in which his CPA firm was housed in 1 9 8 3 . Henny purchased the building for $

Henry Oldham purchased the office building in which his CPA firm was housed in 1983. Henny purchased the building for $225,000. Henry replaced the windows in the building and restructured the lay-out of the offices in the builing. His costs were $32,000 for the improvement. Henry is retiring and has just sold the buulding lor $495,000. Heny has claimed $55,000 in depreciation. Henry will have selling costs of $5,000. What is Henn's gain on the slie?
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