(Answered) Question - a retail building used in the trucking business

Accounting

Question - A retail building used in the trucking business of a sole proprietor is sold on February 10, 2008 for $1,000,000. Accelerated depreciation of $450,000 had been taken on the building and it had been acquired in 1985 for $600,000. Straight-line depreciation for the same holding period would have been $300,000. What is the maximum unrecaptured § 1250 gain from this disposition after considering depreciation recapture?

a. $0.

b. $300,000.

c. $450,000.

d. $550,000.

e. None of the above.

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