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Moran owns a building he bought during year 0 for $201,000. He sold the building in year 6. During the time he held the building

Moran owns a building he bought during year 0 for $201,000. He sold the building in year 6. During the time he held the building he depreciated it by $38.750.

What is the amount and character of the gain or loss Moran will recognize on the sale in each of the following alternative situation?

A) Moran received $201,000

B) Moran received $226,000

C) Moran received $154,000

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