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In 2021, a C-Corp. had the following sale of a nonresidential building used in business for five years: Purchase cost $700,000 Tax depreciation take on

In 2021, a C-Corp. had the following sale of a nonresidential building used in business for five years:

Purchase cost $700,000

Tax depreciation take on the building $300,000 (using straight-line method depreciation would have given $150,000)

Sale price $860,000

How much is long-term capital gain generated from this sale?

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