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Moran owns a building he bought during year 0 for $212,000. He sold the building...

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Accounting

Moran owns a building he bought during year 0 for $212,000. He sold the building in year 6. During the time he held the building he depreciated it by $32,250.

What is the amount and character of the gain or loss Moran will recognize on the sale in each of the following alternative situations? (Loss amounts should be indicated by a minus sign. Enter NA if a situation is not applicable. Leave no answer blank. Enter zero if applicable.)

1) Moran receives $239,000

2) Moran receives $224,000

3) Moran receives $169,500

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