Question 41 Bateman Corporation sold an office building that it used in its business for $800,000. Bateman bought the building ten years ago for $600,000 and has claimed $200,000 of depreciation expense. What is the amount and character of Bateman's gain or loss? $40,000 ordinary income and $360,000 Section 1231 gain $400,000 capital gain $400,000 ordinary income $200,000 ordinary income and $200,000 Section 1231 gain None of the choices are correct