Bob owns farmland with a $600,000 basis, and he elects to expense $100,000 of expenditures incurred for

Question:

Bob owns farmland with a $600,000 basis, and he elects to expense $100,000 of expenditures incurred for soil and water conservation purposes. Bob sells the farmland after farming for seven years and four months. What is the amount of the recognized gain and the character of the gain if the selling price is
a. $825,000
b. $615,000