Copper Industries (a sole proprietorship) sold three § 1231 assets during 2016. Data on these property dispositions are as follows:

a. Determine the amount and the character of the recognized gain or loss from the disposition of each asset.
b. Assuming that Copper has $6,000 nonrecaptured net § 1231 losses from prior years, how much of the 2016 recognized gains is treated as capital gains?

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Rack Forklift Bin $110,000 10/10/13 45,000 10/16/12 97,000 03/12/15 Cost Acquired Depreciation Sold for Sold on $70,000 21,000 31,000 $55,000 10/10/16 15,000 10/10/16 60,000 10/10/16