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

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Moran owns a building he bought during year $0$ for $$246,000.$ He sold the building in year $6.$ During the time he held the building, he depreciated it by $$34,250.$

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 answer blank. Enter zero if applicable.

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

c$.$ Moran received $$198,000.$