Caldwell Corporation sold a factory building for $300,000 that it originally purchased for $600,000.It had an adjusted basis of $200,000 due to having taken $400,000 of depreciation.What is Caldwell's Section 1231 gain on the sale of the property?

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The Answer of Caldwell Corporation sold a factory building for $300,000 that it originally purchased for $600,000.It had an adjusted basis of $200,000 due to having taken $400,000 of depreciation.What is Caldwell's Section 1231 gain on the sale of the property?

Caldwell Corporation Sold a Factory Building for $300,000 That It