Alice owns nonresidential rental real estate which was purchased in 1985. Straight-line depreciation was used on the asset. The property is sold at a $150,000 gain this year. The initial characterization of the gain is:

	a.	Section 1245 gain.
	b.	Section 1250 gain.
	c.	Section 1231 gain.
	d.	Section 179 gain.
	e.	None of the above.