However corporations may have more depreciation

In general, the recapture rules under Sections 1245 and 1250 are equally applicable to both individual and corporate taxpayers. However,
corporations may have more depreciation recapture (ordinary income) on the disposition of § 1250 property than individuals.
Post-Submission
Answers: $0; $57,498; $429,994; $487,492.
The recapture rules under §§ 1245 and 1250 are equally applicable to both individual and corporate taxpayers. However, corporations may have
more depreciation recapture (ordinary income) on the disposition of § 1250 property than individuals. Under § 291, a corporation will have
additional ordinary income equal to 20% of the excess of the amount of depreciation recapture that would arise if the property was § 1245
property over the amount of depreciation recapture computed under § 1250 (without regard to § 291). As a result, the § 1231 portion of the
corporation's gain on the disposition is correspondingly reduced by the additional recapture.
Under § 1250, recapture is limited to the excess of accelerated depreciation over straight-line depreciation. In general, only straight-line
depreciation is allowed for real property placed in service after 1986; thus, there will usually be no depreciation recapture on the disposition of §
1250 property (without regard to § 291). In contrast, all depreciation taken on § 1245 property is subject to recapture under that provision.
First, determine the recognized gain:
Sales price $850,000
Less adjusted basis:
Cost of property $650,000
Less cost recovery (287,492) (362,508)
Recognized gain $487,492
Second, determine the § 1245 recapture potential. This is the lesser of $487,492 (recognized gain) or $287,492 (cost recovery claimed).