Ramrod, Inc., sells a warehouse for $350,000. It purchased the warehouse 10 years ago for $250,000 and

Question:

Ramrod, Inc., sells a warehouse for $350,000. It purchased the warehouse 10 years ago for $250,000 and had taken $75,000 in depreciation on the building to the date of sale.
Identify the tax issue(s) posed by the facts presented. Determine the possible tax consequences of each issue that you identify.