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Required information Problem 1 1 - 4 4 ( LO 1 1 - 3 , LO 1 1 - 4 ) ( Algo ) Skip

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Problem 11-44(LO 11-3, LO 11-4)(Algo)
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[The following information applies to the questions displayed below.]
Moran owns a building he bought during year 0 for $168,000. He sold the building in year 6. During the time he held the building, he depreciated it by $56,250.
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-c (Algo)
c. Moran received $100,000.

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