Michael purchased an apartment building for $2 million several years ago. He has claimed depreciation deductions totaling $950,000 during the holding period, and straight-line depreciation would have been $900,000. What is Michael's long-term capital gain (taxed at the highest capital gains tax rate) that will be recognized for income tax purposes if he sells the building for $2.5 million?

A. $0.

B. $50,000.

C. $1,450,000.