An asset was placed in service at a cost basis of $34,000. After five years of use, the asset is sold for $5,000. At that point the asset's book value is $6,000. Which one of the statements below is correct? Select one: O a. A depreciation recapture of $1,000 is realized by the seller. There is no capital gain or loss. O b. An ordinary income loss of $1,000 is realized by the seller. O c. There is no effect on the seller's income taxes because the market value is less than the book value. O d. An ordinary income loss of $29,000 has occurred