Beckham Contracting operates a construction company with a December 31 fiscal year-end. at the beginning of the current year, Beckham Contracting has a class 8 UCC balance of $32,780. During the current year, the last asset in the class with a capital cost of $35,000 is sold for $25,000. There are no other dispositions during the year and no assets remaining in class 8. What are the tax consequences of this disposition?