Brady sells equipment for $30,000 which had been purchased for $80,000 and on which $40,000 of depreciation had been taken. He had used the equipment in his business for several years. Brady has:

Group of answer choices

A $10,000 1231 loss.

A $10,000 1245 loss

A $30,000 1231 gain.

None of the above.

A $10,000 1250 loss.