A flood destroys Owen's building that cost $100,000 in 2007, which has an adjusted basis of $80,000. Owen's insurance company reimburses him $125,000 for his loss. Owen promptly reconstructs the building for $115,000. What is the minimum amount of gain that Owen must recognize and his basis in the new building? 
Definitions:
Fatuous Love
A type of love that is typified by commitment based on passion without the stabilizing influence of intimacy.
Triangular Model
A psychological theory, often associated with love, which posits that intimate relationships are comprised of three components: intimacy, passion, and commitment.
Consummate Love
A term from Sternberg's Triangular Theory of Love, referring to a complete form of love that combines intimacy, passion, and commitment.
Consummate Love
A theory proposed by psychologist Robert Sternberg that describes a complete form of love consisting of three components: intimacy, passion, and commitment.
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