Heron Company purchases commercial reality on November 13 1998 for $650000

QUESTION:

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Heron Company purchases commercial reality on November 13, 1998, for $650,000. Straight-line depreciation of $287,492 is claimed before the property is sold on February 23, 2016, for $850,000. What are the tax consequences of the sale of realty if Heron is:

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a. A C corporation?

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b. A sole proprietorship?

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