In 1972, Land Was Purchased for $110,000 and an Office

In 1972, land was purchased for $110,000 and an office building constructed for $500,000. The building was assigned a useful life of 27.5 years and a salvage value of zero. In 2012, the property was sold for $150,000, with $110,000 assigned to land value and $40,000 for the value of the building. How should the sale of the building be posted to the books?

A) $40,000 to Long-Term Investments
B) $40,000 to Miscellaneous Revenue
C) $150,000 to Cash
D) $8,000 to Miscellaneous Revenue for each of the past 5 years ($40,000 total)