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Rayburn Corporation has a building that it bought during year 0 for $850,000. It sold...

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Accounting

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Rayburn Corporation has a building that it bought during year 0 for $850,000. It sold the bulding in year 5 . During the time it held the building. Rayburn depreciated it by $100,000. What are the amount and character of the gain or loss Rayburn will recognize on the sale in each of the following alternative situations? Note: 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. o. Rayburn receives $840,000

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