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Moran owns a building he bought during year 0 for $150,000. He sold the building in year 6. During the time he held the building

Moran owns a building he bought during year 0 for $150,000. He sold the building in year 6. During the time he held the building he depreciated it by $32,000. What is the amount and character of the gain or loss Moran will recognize on the sale in each of the following alternative situations? A. Moran received $145,000. B. Moran received $170,000. C. Moran received $110,000. Total gain/loss recognized Remaining 1231 gain

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