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Depreciation. Saengdao is a professional cellist and is self - employed. She bought a handmade cello in May of 2 0 1 7 for $

Depreciation. Saengdao is a professional cellist and is self-employed. She bought a handmade cello in May of 2017 for $40,000. She used the cello in performances throughout the rest of 2017, all of 2018 and part of 2019. In November of 2019, she sold the cello for $37,000. Saengdao took depreciation deductions for the cello each year. Total depreciation at the time of the sale was $19,010. What is the amount and character of her income (or loss) from the sale?

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