What is the amount and nature of ricardo gain or loss

Reference no: EM13298920

Ricardo acquired a warehouse for business purpose on Aug 30,1992. The building cost $200,000. He took $133,333 of depreciation on the building and then sold it for $350,000 on July 1, 2009. What is the amount and nature of Ricardo's gain or loss on the sale of the warehouse?

Reference no: EM13298920

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