Marta purchased residential rental property for $600,000 on January 1, 1985. Total ACRS deductions for 1985 through the date of sale amounted to $600,000. If the straight-line method of depreciation had been used, depreciation would have been $600,000. The property is sold for $750,000 on January 1 of the current year. The amount and character of the gain is OA. $750,000 Sec. 1231 gain. B. $750,000 ordinary gain due to Sec. 1250 O . C. $750,000 ordinary gain due to Sec 1245 D. $150,000 Sec. 1231 gain and S600,000 ordinary income