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D Question 2 2 pts 2. John Burtt sold his small office building for $290,000 in 2019. Burtt acquired the building in January 1986 for

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D Question 2 2 pts 2. John Burtt sold his small office building for $290,000 in 2019. Burtt acquired the building in January 1986 for $270,000 and made improvements costing $15,000 at that time. John used accelerated deprecation under ACRS, and the asset was fully depreciated. For tax purposes Burtt should treat the gain as O $241,550 Sec. 1231 gain. $5,000 Sec. 1231 gain: $225,000 ordinary income. O $5,000 Sec. 1231 gain: $285,000 ordinary income. O None $16,550 Sec. 1231 gain: $225,000 ordinary income of the above

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