Patel Industries, a sole proprietorship, sold the following assets in $2022$:

Asset Cost Acquired Depreciation Sale Price Sale Date

Warehouse $ $130,00010/10/2015$ $ $22,360$ $ $151,50003/15/2022$

Truck $19,00001/15/20216,84017,70001/14/2022$

Computer $21,00007/31/20215,56511,91508/31/2022$

Required:

The following questions relate to the sale of the warehouse:

What is the adjusted basis of the warehouse?

What is the realized gain on the warehouse?

What amount of the gain is taxed according to $1250$ rules?

What amount is considered a $1231$ gain before netting?

The following questions relate to the sale of the truck:

What is the adjusted basis of the truck?

What is the realized gain on the truck?

What amount of the gain is taxed according to $1245$ rules?

What amount of the gain is taxed as ordinary income?

The following questions relate to the sale of the computer:

What is the adjusted basis of the computer?

What is the realized gain or loss on the sale?

Which IRC section code applies to this asset?