What is the amount and character of fuentes gain or loss

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Reference no: EM131263877

Fuentes Company sold its warehouse for $1,000,000. The company paid $1,400,000 for the building several years ago and over the years had properly claimed $216,000 of depreciation using the straight-line method. What is the amount and character of Fuentes gain or loss?

Reference no: EM131263877

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