Eighteen-year residential real property owned by an individual has accumulated accelerated depreciation of $275,000 at January 1,

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Question:

Eighteen-year residential real property owned by an individual has accumulated accelerated depreciation of $275,000 at January 1, 2009. If depreciation had been computed under the straight-line method, accumulated depreciation would be $200,000. The property is sold on January 1, 2009 with a recognized gain of $300,000. What is the amount of depreciation recapture?

$75,000

$80,000

$60,000

$90,000