A Corporation Sold a Warehouse During the Current Year How Much Gain Should the Corporation Report as Sec

Multiple Choice

A corporation sold a warehouse during the current year.The company purchased the building 25 years ago.Details are as follows $$\begin{array} { | l | r | } \hline \text { Cost } & \$ 800,000 \\\hline \text { Accumulated Depreciation } & 620,000 \\\hline \text { Selling Price } & 890,000 \\\hline\end{array}$$ How much gain should the corporation report as Sec.1231 gain?

A) $124,000
B) $90,000
C) $586,000
D) $710,000