A taxpayer purchased used business equipment on November 20, 2016, for $100,000. The equipment was sold for $60,000 on August 25, 2018. Depreciation information is as follows:

	Accelerated depreciation taken	$47,500
	Straight-line depreciation (7-year life) would have been	28,500

How will the gain or loss on the sale of this equipment be treated for tax purposes?