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X Your answer is incorrect. On January 1, 2020. Ayayai Corporation sold a building that cost $272,980 and that had accumulated depreciation of $108.410 on

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X Your answer is incorrect. On January 1, 2020. Ayayai Corporation sold a building that cost $272,980 and that had accumulated depreciation of $108.410 on the date of sale. Ayayai received as consideration a $262,980 non-interest-bearing note due on January 1, 2023. There was no established exchange price for the building, and the note had no ready market. The prevailing rate of interest for a note of this type on January 1, 2020, was 15%. At what amount should the gain from the sale of the building be reported? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to O decimal places, e3,458,581) The amount of gain should be reported 7625

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