Question: CBM Incorporated realized a $ 4 2 9 , 0 0 0 gain on sale of a commercial office building that the corporation placed in

CBM Incorporated realized a $429,000 gain on sale of a commercial office building that the corporation placed in service in
Accumulated MACRS depreciation on the complex was $311,800. The entire gain is characterized as Section 1231 gain.
True or False
True
CBM Incorporated realized a $429,000 gain on sale of a commercial

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