Shannon owns two items of business equipment, Both were purchased in 2017 for $100,000, both have a 7-year MACRS recovery period, and both have an adjusted basis of $37,490. Shannon is considering selling these assets in 2021, One of them is worth $60,000, and the other is worth $23,000. Because both items.were used in her business, shannon simply assumes that the loss on one will offset the galn from the other and that the net gain or loss will increase or reduce her business income. Which of the following must Shannon determine in order to properly handie this transaction? Select "Yes" if she must determine it: otherwise select "No". What is the amount and character of Shannon's gain or loss for each asset? Asset 1: Cost, $100,000; adjusted basis, 537,490 : sales price, $50,000 : Asset 2: Cost, 5100,000 : adjusted basis, 537,4991 sales prico, 523,000: The entire because if 1245 depreciation foctioture aoplies only when shere is a