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Knight Corporation, a C Corp, disposed of the following assets, all Sec 1231 property, during 2019: Asset Deprec Method Cost Accum Deprec Adj. Basis Sale

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Knight Corporation, a C Corp, disposed of the following assets, all Sec 1231 property, during 2019: Asset Deprec Method Cost Accum Deprec Adj. Basis Sale Price Equipment#1 MACRS - DDB $55,000 $40,000 $15,000 $21,000 $23,000 $30,000 Equipment#2 MACRS - DDB $32,000 $11,000 Building MACRS-SL $110,000 $50,000 $45,000 $0 $60,000 $45,000 $135,000 $55,000 Land N/A Question A: Does Sec 1245 apply to personalty or realty? Type either personalty or realty in the blank provided Question B: How much is Knight Corporation's Sec 1250 ordinary income recapture? Question C: How much is Knight Corporation's Sec 291 ordinary income recapture

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