Your business bought building for $100,000 and has claimed $80,000 in depreciation and now sells it for $60,000. What
is the gain situation?
a. $60,000 of capital gain
b. $40,000 of §1250 gain
c. $60,000 of §1250 gain
d. $40,000 of §1245 gain
e. $60,000 of §1245 gain