$!$

Required information

Problem $11-44($LO $11-3,$ LO $11-4)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Moran owns a building he bought during year $0$ for $$201,000.$ He sold the building in year $6.$ During the time he held the building, he depreciated it by $$38,750.$

What are the amount and character of the gain or loss Moran 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 answers blank. Enter zero if applicable.

Problem $11-44$ Part$-$a $($Algo$)$

References

a$.$ Moran received $$201,000.$

$\backslash$table$[[$Description$,$Amount$],[$Total Gain or $($Loss$)$ Recognized,$],[,],[$Remaining $1231$ gain or $($loss$),0]]$

$10$

$!$

Required information

Problem $11-44($LO $11-3,$ LO $11-4)($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Moran owns a building he bought during year $0$ for $$201,000.$ He sold the building in year $6.$ During the time he held the building, he depreciated it by $$38,750.$

What are the amount and character of the gain or loss Moran 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 answers blank. Enter zero if applicable.

Problem $11-44$ Part$-$b $($Algo$)$

b$.$ Moran received $$226,000.$

$\backslash$table$[[$Description$,$Amount$],[$Total Gain or $($Loss$)$ Recognized,$],[$Remaining $$1231$ gain or $($loss$),]]$