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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 during
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 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 answer blank. Enter zero if applicable. a. Moran received $158,000. b. Moran received $200,000. c. Moran received $100,000
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