yale corporation purchased residential real estate several years ago for $285,000, of which $45,000 was alllocated to the land and $240,000 was allocdated to the building. Yale took straight-line MACRS deductions of $20,000 during the years it held the property. In the current year, Yale sells the property for $390,000, of which $85,000 is allocated to the land and $305,000 is allocated to the building.