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8. Hawkeye purchased a $300,000 Jimbour truck for his business. He sold the truck for $245,000 after taking $210,000 of depreciation. What is the nature

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8. Hawkeye purchased a $300,000 Jimbour truck for his business. He sold the truck for $245,000 after taking $210,000 of depreciation. What is the nature and amount of the gain or loss on the sale? A) $55,000 Section 1245 ordinary income and $100,000 Section 1231 gain. B) $90,000 Section 1245 ordinary income and 565,000 Section 1231 gain. C) $155.000 Section 1231 gain. D) $155,000 Section 1245 ordinary income

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