Rontco Corporation (A C Corporation)purchased an Office Building for $400,000

Multiple Choice

Rontco Corporation (a C corporation) purchased an office building for $400,000 for use in its business about ten years ago.The building is sold during the current year for $350,000.Total MACRS depreciation allowed for the building was $125,000.This is the only business asset sold by the corporation over the past six years.As result of the sale,how much ordinary gain will Rontco Corporation report?

A) $15,000
B) $25,000
C) $75,000
D) $0