Davidson Industries, a sole proprietorship, sold the following assets in 2018:

Davidson Industries, a sole proprietorship, sold the following assets in 2018:

AssetCostAcquiredDepreciationSale PriceSale DateWarehouse$140,00010/10/11 $24,080$162,0003/15/18Truck 21,0001/15/17  7,560 19,6001/14/18Computer 23,0007/31/17  6,095 13,6058/31/18

1. The following questions relate to the sale of the warehouse:
2. (1) What is the adjusted basis of the warehouse?
3. (2) What is the realized gain on the warehouse?
4. (3) What amount of the gain is taxed according to § 1250 rules?
5. (4) What amount is considered a § 1231 gain before netting?
6. The following questions relate to the sale of the truck:
7. (1) What is the adjusted basis of the truck?
8. (2) What is the realized gain on the truck?
9. (3) What amount of the gain is taxed according to § 1245 rules?
10. (4) What amount of the gain is taxed as ordinary income?
11. The following questions relate to the sale of the computer:
12. (1) What is the adjusted basis of the computer?
13. (2) What is the realized gain or loss on the sale?
14. (3) Which IRC section code applies to this asset?