Beige Corporation,a C Corporation,purchases a Warehouse on August 1,2001,for $1

Multiple Choice

Beige Corporation,a C corporation,purchases a warehouse on August 1,2001,for $1 million.Straight-line depreciation is taken in the amount of $411,750 before the property is sold on June 12,2017,for $1.2 million.What is the amount and character of the gain recognized by Beige on the sale of the realty?

A) Ordinary income of $0 and § 1231 gain of $611,750.
B) Ordinary income of $411,750 and § 1231 gain of $200,000.
C) Ordinary income of $82,350 and § 1231 gain of $529,400.
D) Ordinary income of $117,650 and § 1231 gain of $494,100.
E) None of the above.