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Stark Industries., a C corporation, owned an office building for several years. The building was...

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Accounting

  1. 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?

  1. 0

  1. $9,000

  1. $14,000

  1. $70,000

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