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what is the answer of this question Question 10 of 14 tion 10 5 points Save Atimer The Breakfast Club Company purchased land and building

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Question 10 of 14 tion 10 5 points Save Atimer The Breakfast Club Company purchased land and building on January 1, 2003 for a combined price of $285,000. The Breakfast Club Company allocated 75% of the purchase price to the building and 25%% to the land to approximate their individual fair values. The building was depreciated using the double diminishing-balance and accumulated depreciation to date was correctly computed as $190,000. The land and building was subsequently sold on june 18, 2021 for a combined price of $650,000. What gain or loss on disposal of these assets would be reported in 20217 gain of $95.000 gain of $626,250 gain of $578,750 gain of $555,000

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