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Moran owns a building he bought during year 0 for $221,000. He sold the building in year 6. During the time he held the building

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Moran owns a building he bought during year 0 for $221,000. He sold the building in year 6. During the time he held the building he depreciated it by $36,250. 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 $241,000. b. Moran received $236,000. c. Moran received $177,000

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