purchase 2562874useful life 28 years residual value 689664straight line method of depreciation is used20x7,gain or loss? when building is sold for 2248143

Your answer is correct. The correct answer is: $5006 On December 31', 20x4, you purchase a building for 332572874. The building's useful life is expected to be 28 years after which it will have a residual value of $689664. The straight-line method of depreciation is used. On December 31, 20x7, the building is sold for $2248143. What is the gain (loss) on sale of the building? _ Select one: C} a. $49066 @ b. $633526 x