Jimmy (a Sole Proprietor) has a business machine that was sold It had an adjusted tax basis of $15,000 (with an accumulated tax depreciation of $5,000) The proceeds were $10,000. The machine had been purchased several years ago and was not replaced Which of the following is correct?

a. Result is an ordinary loss of $5,000.

b. Result is an ordinary loss of $10,000.

c. Result is an ordinary loss of $55,000.

d. Result is an ordinary loss of $15,000.