Maria has owned an apartment building for several years which she purchased for $201,000. Accumulated depreciation as of the date of sale is $25,500, $4,900 of which was in excess of straight line depreciation. Maria sold the apartment building for $223,000. How much of the gain is considered ordinary income? Ordinary income $

Maria has owned an apartment building for several years which she purchased for $201,000. Accumulated depreciation as of the date of sale is $25,$00,$4,900 of which was in excess of straight line depreciation. Maria sold the apartment building for $223,000. How much of the gain is considered ordinary income? Ordinary income