Davidson Industries, a sole proprietorship, sold the following assets in 2019:

Asset	Cost		Acquired	Depreciation			Sale Price		Sale Date
Warehouse	$	150,000	10/10/2012		$	25,801	$	175,000	03/15/2019
Truck		18,000	01/15/2018			6,480		16,000	01/13/2019
Computer		25,000	07/31/2018			6,634		17,000	08/31/2019

Required:

1. The following questions relate to the sale of the warehouse: (1) What is the adjusted basis of the warehouse? (2) What is the realized gain on the warehouse? (3) What amount of the gain is taxed according to 1250 rules? (4) What amount is considered a 1231 gain before netting?
2. The following questions relate to the sale of the truck: (1) What is the adjusted basis of the truck? (2) What is the realized gain on the truck? (3) What amount of the gain is taxed according to 1245 rules? (4) What amount of the gain is taxed as ordinary income?
3. The following questions relate to the sale of the computer: (1) What is the adjusted basis of the computer? (2) What is the realized gain or loss on the sale? (3) Which IRC section code applies to this asset?