Kevin sold a building used in his business. The building was originally purchased in $2000$ for $$500,000.$ Deprecation claimed using straight$-$line depreciation is $$400,000.$ How is any gain$/$loss treated if Kevin sells the building for:

a$)$ $$80,000$

b$)$ $$230,000$

c$)$ $$750,000$

Prater Incorporated enters into an exchange in which it gives up its warehouse on $10$ acres of land and receives a tract of land. A summary of the exchange is as follows:

$\backslash$table$[[$Transferred$,$FMV$,$Original Basis,$\backslash$table$[[>$Accumulated$],[$Depreciation$]]],[$Warehouse$,$$$432,500,$$$278,000,$$$55,500$