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! Required information Problem 11-44 (LO 11-3, LO 11-4) (Algo) [The following information applies to the questions displayed below.) Moran owns a building he bought
! Required information Problem 11-44 (LO 11-3, LO 11-4) (Algo) [The following information applies to the questions displayed below.) Moran owns a building he bought during year for $179,000. He sold the building in year 6. During the time he held the building, 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? (Loss amounts should be indicated by a minus sign. Enter NA if a situation is not applicable. Leave no answer blank. Enter zero if applicable.) Problem 11-44 Part-b (Algo) b. Moran received $201,000. Amount $ 69,000 Description Total Gain/(Loss) Recognized Unrecaptured $1250 gain (and $1231 gain) Remaining $1231 gain (loss)
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