The chart below describes the assets sold by Enterprise, Inc. this year. All assets were held longer than one year.

Asset				Cost			Depreciation		Sale Price
Building (used in the business)				530,000			300,000		700,000
Investment land				250,000			none		625,000
Overhead crane				68,000			34,000		48,000
Inventory for resale					65,000			None		80,000

Fill in the chart below by computing the gain(loss) from each asset disposition, determine the initial character (Ordinary, Capital, or Section 1231) of the gain(loss) without proceeding through IMAs gain(loss) netting process, and then determine the recapture amount if the initial character is Section 1231 (write N/A if the asset is not a 1231 asset). Write numbers with commas, but not dollar signs, like so: 100,000. Make sure you spell 'Ordinary', 'Capital', and/or 'Section 1231' correctly.

Asset				Gain/Loss		Initial character		Recapture Amount
Rental apartment building