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NEED HELP Arthur sells equipment for $15,000 which had been purchased for $40,000 and on which $20,000 of depreciation had been taken. He had used

NEED HELP

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Arthur sells equipment for $15,000 which had been purchased for $40,000 and on which $20,000 of depreciation had been taken. He had used the equipment in his business for several years. Arthur has: A $5,000$1231 loss. A $5,000$1245 gain. A $5,000$1250 loss. A \$15,000 \$1231 gain

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