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Cooper Industries sold a rack it owned for $ 5 5 , 0 0 0 . It acquired the rack in 2 0 1 8

Cooper Industries sold a rack it owned for $55,000. It acquired the rack in 2018 for $110,000. Accumulated depreciation over the years was $70,000. How much of the gain, if any, is treated as Section 1245 ordinary income?
$15,000
$55,000
$70,000
$0

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