What would he the taxable gain on a property

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Question - What would he the taxable gain (loss) on a property given the following information?

Sale price $5,500,000

Repairs and Maintenance 5,000

Brokers commission 5%

Depreciation 1,000,000

Utilities 3,500

Original purchase price 4,000,000

Cost of a new roof 350,000

Reference no: EM132562159

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