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YATI Co is a sole proprietorship of Riley and he reports it on Schedule C...

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Accounting

YATI Co is a sole proprietorship of Riley and he reports it on Schedule C of his individual tax return. YATI Co owned a building with an original cost basis of $100,000 and straight-line accumulated depreciation of $15,000. YATI Co sold the building for $95,000.

What is the amount and character of the gain?

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