An investor purchased a property for $3 million and 10 years later sold it for $4.4 million. At the time of purchase the land was valued at $600,000. The investor used a 39-year straight-line depreciation schedule for the building. The investors tax brackets are 20% for price appreciation and 25% for depreciation recapture.

a. Calculate the accumulated depreciation for the property at resale.

b. How much price appreciation did the investor realize?

c. What is the propertys adjusted basis at resale?

d. What is the investors total capital gains tax from both price appreciation and accumulated depreciation