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Karey bought a small shopping mall 10 years ago for a total price of $2 million. Karey chose to use straight-line depreciation and deducted $423,000

Karey bought a small shopping mall 10 years ago for a total price of $2 million. Karey chose to use straight-line depreciation and deducted $423,000 before the mall was sold for $2.5 million on December 31 of the current year.

What is the gain on the sale should be reported?

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