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Moran owns a building he bought during year 0 for $179,000. He sold the building in year 6 . During the time he held the

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Moran owns a building he bought during year 0 for $179,000. He sold the building in year 6 . During the time he held the bullding, he depreciated it by $47,000. What are the amount and character of the gain or loss Moran will recognize on the sale in each of the following alternative situations? Note: Loss amounts should be indicated by a minus sign. Enter NA if a situation is not applicable. Leave no answers blank. Enter zero if applicable. Problem 11-44 Part-b (Algo) b. Moran recelved $201,000. (8) Answer is complete but not entirely correct

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