18-year residential real property owned by an individual has accumulated accelerated depreciation of $275,000 at January 1, 20X2. If depreciation had been computed under the straight-line method, accumulated depreciation would be $200,000. The property is sold on January 1, 20X2 with a recognized gain of $300,000. What is the amount of depreciation recapture?

$75,000

$200,000

$275,000

$300,000

None of the above