Question: please answer During the current year, Wasells equipment for $200,000. The equipment cost $180,000 when placed in service three years ago, and $30,000 of depreciation

please answer

During the current year, Wasells equipment for $200,000. The equipment cost $180,000 when placed in service three years ago, and $30,000 of depreciation deductions were allowed. The results of the sale are A) LTCG of $50,000. B) Sec. 1231 gain of $50,000. C) Sec. 1245 ordinary income $30,000. D) Sec. 1245 ordinary income of $30,000 and Section1231 gain of $20,000

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