TB MC Qu. 11-59 Bateman Corporation sold an office building... Bateman Corporation sold an office building that it used in its business for $800,950. Bateman bought the building ten years ago for $599,525 and has claimed $201,425 of depreciation expense. What is the amount and character of Bateman's gain or loss? Multiple Choice None of the choices are correct. $40,285 ordinary and $362,565 1231 gain. $402,850 ordinary gain. $402,850 capital gain. $201,425 ordinary and $201,425 1231 gain.