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Question 5 of 20 -/3 View Policies Current Attempt in Progress The Ayayai Company purchased...

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Question 5 of 20 -/3 View Policies Current Attempt in Progress The Ayayai Company purchased land and building on January 1, 2003 for a combined price of $282000. The Ayayai Company allocated 75% of the purchase price to the building and 25% to the land to approximate their individual fair values. The building was depreciated using the double diminishing-balance and accumulated depreciation to date was correctly computed as $183000. The land and building was subsequently sold on June 18, 2021 for a combined price of $642000. What gain or loss on disposal of these assets would be reported in 2021? gain of $99000 gain of $543000 gain of $573375 gain of $619125 Swetor Later Attempts: 0 of 1 used Submit Answer ch IA

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