William sold Section 1245 property for $25,000 in 2010. The property cost $35,000 when it was purchased 5 years ago. The depreciation claimed on the property was $16,000.
a. find out the adjusted basis of the property.
b. find out the recomputed basis of the property.
c. find out the amount of ordinary income under Section 1245.
d. find out the Section 1231 gain.