Ben Purchased an Apartment Building on January 1,1994,for $200,000

Ben purchased an apartment building on January 1,1994,for $200,000.The building has been depreciated over the appropriate recovery period using the straight-line method.On December 31,2013,the building was sold for $220,000,when the accumulated depreciation was $62,500.Ben is in the highest tax bracket;on his 2013 tax return,he should report:

A) Section 1231 gain of $20,000 and ordinary income of $62,500
B) Section 1231 gain of $62,500 and ordinary income of $20,000
C) Ordinary income of $82,500
D) Section 1231 gain of $20,000 and "unrecaptured depreciation" taxed at 25 percent of
E) None of the above