Welcome to Westonci.ca, your go-to destination for finding answers to all your questions. Join our expert community today! Get immediate answers to your questions from a wide network of experienced professionals on our Q&A platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

Bateman Corporation sold an office building that it used in its business for $800,800. Bateman bought the building 10 years ago for $599,600 and has claimed $201,200 of depreciation expense. What is the amount and character of Bateman's gain or loss?

Sagot :

Answer:

$402.700 capital gain

Step-by-step explanation: