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Leo Gallagher is a traveling comedian, musician, and philosopher. In September of 2019, a truck he had used for several years to transport watermelons for

Leo Gallagher is a traveling comedian, musician, and philosopher. In September of 2019, a truck he had used for several years to transport watermelons for his business was totally destroyed in a sudden accident. His insurance reimbursed him 6,000 for the truck, which had adjusted basis of 5,000 and FMV of 9,000. In addition, he disposed of the following assets during 2019, and they all were solely used in the trade or business:

Asset Purchased Sold Cost Accumulated Depreciation Sale Price
Sledge Hammer 3/10/2016 6/17/2019 3,000 1,000 6,000
Office Furniture 7/18/2015 2/2/2019 20,000 12,000 6,000
Equipment 10/14/2017 10/30/2019 230,000 11,800 250,000

For each asset/transaction, list BOTH the amount(s) and the character(s) of any gain(s) or loss(es).

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