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Homework Assistance: Sears Corporation sold an office building that it used in its business for $800,500. Sears Corporation bought the building 10 years ago for

Homework Assistance: Sears Corporation sold an office building that it used in its business for $800,500. Sears Corporation bought the building 10 years ago for $599,750 and has claimed $200,750 of depreciation expense. What is the amount and character of Sear's gain or loss?

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