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The Miller Company sold a building for $400,000 that had a book value of $450,000. The building had originally cost the company $12,000,000 and had
The Miller Company sold a building for $400,000 that had a book value of $450,000. The building had originally cost the company $12,000,000 and had accumulated depreciation to date of $11,550,000.
Calculate the gain or loss on the sale of the building. $
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