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Adriana purchased a warehouse for $500,000 on June 8,2020 . On November 5,2022 , she sold the warehouse for $550,000. The accumulated depreciation at the
Adriana purchased a warehouse for $500,000 on June 8,2020 . On November 5,2022 , she sold the warehouse for $550,000. The accumulated depreciation at the time of the sale was $30,982. What is the amount and character of the recognized gain or loss from the sale on November 5,2022? a. $80,982 Section 1231 Gain b. $50,000 Section 1231 Gain c. ($50,000) ordinary loss d. $50,000 ordinary gain e. $50,000 Section 1231 Gain; $30,982 Section 1231/ Section 1250 Unrecaptured Gain
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