Question: Question Four : (6 points) You bought a building for $100,000 and fully depreciated this building. You sell the building for $40,000 this year. What

Question Four: (6 points) You bought a building for $100,000 and fully depreciated this building. You sell the building for $40,000 this year. What happens?

Assume instead that the building is sold for $120,000. What happens?

It's related to taxation in America.

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