A taxpayer acquired Section 1245 property at a cost of $12,000. The asset was sold 10 years later for $6,000, and depreciation claimed on the asset was $7,000. Calculate the following amounts: 1. Adjusted basis 2. Recomputed basis %$. 3. Recomputed basis less the adjusted basis 4. Amount realized less adjusted basis (gain realized) 5. Ordinary income under Section 1245 6. Section 1231 gain $. %24 %24