10. An unincorporated business sold two warehouses during the current year. The straight-line depreciation method (ACRS) was used for the first building and the accelerated method (ACRS) was used for the second building. Information about those buildings is presented below Date acquired Cost Building No. 1 1986 $800,000 Building No. 2 1986 $900,000 Accum. Depreciation 800,000 Straight-line ACRS depreciation 900,000 Selling Price 80,000 400,000 How much gain from these sales should be reported as Sec. 1231 gain and ordinary income due to depreciation recapture by the owner of the business? Ordinary Income Sec. 1231 Gain $480,000 SO Sec. 1231 Gain $80,000 Ordinary Income $400,000 Sec. 1231 Gain SO Ordinary Income $480,000 Sec. 1231 Gain $400,000 Ordinary Income $80,000