Clarence purchased a rental property for $520,000, with $120,000 attributed to the land and $400,000 to the
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Clarence purchased a rental property for $520,000, with $120,000 attributed to the land and $400,000 to the building. After renting the building for many years, Clarence decided to sell the property for $572,000, with $180,000 attributed to the land and $392,000 to the building. At the time of the sale, the UCC of the building was $320,000. What will be the amount of Clarence's recapture as a result of the sale?
a) 572,000
b) $80,000
c) $117,000
d) $132,000
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