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Octet Corporation placed a small storage building in service in 2000. Octet's original cost for the building is $800,000 and the cost recovery deductions are

Octet Corporation placed a small storage building in service in 2000. Octet's original cost for the building is $800,000 and the cost recovery deductions are $300,000. This year the building is sold for $1,100,000. The amount and character of the gain are

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