You are considering to purchase a property with an original cost basis of $2,200,000. You determine that the land was worth $75,000 and the building could be depreciated over 39 years (use 1/39 per year). You plan to hold this property 5 years and then sell it. What is your total capital gain and capital gain tax if your property could be sold for $2,439,000 after holding for 5 years?Capital gains from price appreciation will be taxed at 15 percent and depreciation recapture will be taxed at 25 percent. Your ordinary income will be taxed at 36 percent. Assume that there is no selling cost.

$511,435;$184,117

$239,000;$86,040

$511,435;$103,959

$239,000;$35,850