Stark Industries., a C corporation, owned an office building for several years. The building was...
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Accounting
Stark Industries., a C corporation, owned an office building for several years. The building was originally purchased for $275,000 and has accumulated depreciation of $45,000 using straight-line depreciation under the modified accelerated cost recovery system. If Stark sold the building for $300,000, what amount is recaptured as ordinary gain from this transaction?
0
$9,000
$14,000
$70,000
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