4. A piece of depreciable machinery is sold. It has been held for three years and qualifies as § 1231 property. The selling price is greater than the adjusted basis but less than the original purchase price. Which statement below is correct?

a. All of the gain will be subject to § 1245 recapture.

b. Only a portion of the gain will be subject to § 1245 recapture.

c. None of the gain will be subject to § 1245 recapture.

d. Code § 1245 recapture will not apply because there is a loss on the sale.