Rayburn Corporation has a building that it bought during year O for $850,000. It sold the building in year 5. During the time it held the building Rayburn depreciated it by $100,000.
What is the amount and character of the gain or loss Rayburn will recognize on the sale in each of the following alternative situations? (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.)
