Corporation Y distributed depreciable personal property having a fair market value of $18,000 to its shareholders. The property had an adjusted basis of $12,000 to the corporation. Y had correctly deducted $4,500 in depreciation on the property. What is the amount of Y's total recognized gain on the distribution, and how much of this gain will be considered ordinary income?

• Total
• Recognized Gain
• Ordinary Income
• A.
• $6,000
• $6,000
• B.
• $6,000
• $0
• C.
• $6,000
• $4,500
• D.
• $18,000
• $0