Several years ago, I purchased a quad-plex apartment building for $200,000 in cash. It has since gone up in value to $1,000,000. I have claimed depreciation deductions on the property of $50,000 and have make capital improvements to the property of $250,000. The property is next to the campus of a small college (a public charity), and the college would like to have the building. I sell the building to the college for $500,000. What is the capital gain resulting from this transaction? Briefly explain the derivation of your