1) Office Equipment Sales Price: Original Cost: Accum. Depreciation 50,000 60,000 35,000 Amount Total Gain or Loss: 1231 Gain or Loss: Section 1245 Gain: Ordinary Gain or Loss: 2.) Office Computer Sales Price: Original Cost: Accum Depreciation 75,000 65,000 30,000 Amount Total Gain or Loss: 1231 Gain or Loss: Section 1245 Gain: Ordinary Gain or Loss: Land Sales Price: Original Cost: Accum Depreciation Amount Total Gain or Loss: 1231 Gain or Loss: Unrecapture 1250 Gain: 50,000 80,000 N/A Section 1250 Gain: Ordinary Gain or Loss: Section 291 Gain: 7.) Building Sales Price: 6,000,000 Original Cost: 2,000,000 Accum Depreciation 1,800,000 SL Depreciation would have been: 1,800,000 Amount Total Gain or Loss: 1231 Gain or Loss: Unrecapture 1250 Gain: Section 1250 Gain: Ordinary Gain or Loss: Section 291 Gain