Beer Inc paid $90,000 for tangible personalty three years ago and elected to expense and deduct the cost under Section 179. This year, Beer Inc sold the personalty for $52,700. Accumulated book depreciation through date of sale was $31,000. What is the effect of the sale on Beer Inc's book income and taxable income?

A. None of the choices are correct

B. $6,300 book and tax gain

C. $6,300 book loss; -0- tax gain

D. $6,300 book loss; $52,700 tax gain