The Remco Company acquired a building at a cost of $2,000,000. The estimated residual value is $500,000, and the estimated useful life is 15 years. After depreciating the building for 12 years at the rate of $100,000 per year, Remco decides to relocate its facilities to a new location and sells the building for $825,000 cash. Determine the amount of the gain or loss on the sale of the building, being certain to indicate whether the amount computed is a gain or a loss.