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Sale of Depreciable Realty. Z Corporation purchased a mini-warehouse unit in December 2015 for $400,000. Z Corporation deducted depreciation of $87,000 prior to the sale.

Sale of Depreciable Realty. Z Corporation purchased a mini-warehouse unit in December 2015 for $400,000. Z Corporation deducted depreciation of $87,000 prior to the sale. The unit was sold in January 2021 for $410,000. What are the amount and character of Z Corporations gain?

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