521,734 views
8 votes
8 votes
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?

User Florian Moser
by
2.9k points

1 Answer

23 votes
23 votes

Answer:

$402.700 capital gain

Explanation:

User Jian Huang
by
2.7k points