Bateman Corporation sold an office budding that it used in its business for $801,000. Bateman bought the building ten years ago for $599, 500 and has claimed $201.500 of depreciation expense. What is the amount and character of Bateman's gain or loss? $403,000 ordinary gain. $403,000 ordinary and $362.700 $1231 gain. None of the choices are correct. $201.500 ordinary and $201.500 $1231 gain. $403,000 capital gain