In 2020, ABC Business sold a warehouse which had been used in the business for more than one year. The initial basis of the warehouse was $500,000, and accumulated deprecation was $35,000. The sales price of the warehouse was $510,000. What is the amount of the gain/loss which ABC will recognize on the sale of the warehouse, and what is the character? a. $45,000 gain, of which $35,000 is ordinary income, and $10,000 is Section 1231 gain b. $45,000 gain, of which $35,000 is unrecaptured Sec 1250 gain taxed as 25%, and $10,000 is Section 1231 gain OC. $10,000 gain, which is ordinary income O d. $10,000 gain, which is capital in nature ABC Business purchased a new office printer on 3/15/2019. The initial basis of the printer is $3,000, and it has a five year recovery period. ABC Business will use the half year convention for depreciation in 2019. The MACRS chart information for the half year convention and assets with a recovery period of 5 years is included below. Calculate the depreciation expense for 2019. MACRS Chart - 5 Year Asset Year 1 20% Year 2 32% Year 3 19.2% Year 4 11.52% Year 5 11.52% Year 6 5.76% a. $450 O b. $600 O c. $500 O d. $300