(Tax liability) Damen sold his office loft that he used in his trade or business for 180,000. He had purchased the loft in 1997 for 100,000. Total depreciation taken for the loft equals 25,000. His ordinary income is taxed at the 24% bracket.

This transaction will increase his tax liability by

Question 26 options:

15,750

18,250

19,000

29,400