Bozeman sold equipment that it uses in its business for $80,000. Bozeman bought the equipment two years ago for $75,000 and has claimed $20,000 of depreciation expense. What is the amount and character of Bozeman's gain or loss?

a.		$25,000 1231 gain.
b.		$20,000 ordinary gain (1245 recapture), and $5,000 1231 gain.
c.		$5,000 ordinary gain (1245 recapture), and $20,000 1231 gain.
d.		$25,000 capital gain.
e.		None of these.