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X Your answer is incorrect. On January 1, 2020, Vaughn Corporation sold a building that cost $252,360 and that had accumulated depreciation of $103,650 on

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X Your answer is incorrect. On January 1, 2020, Vaughn Corporation sold a building that cost $252,360 and that had accumulated depreciation of $103,650 on the date of sale. Vaughn received as consideration a $242,360 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 9%. At what amount should the gain from the sale of the building be reported? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) The amount of gain should be reported $ 111,918,436

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