What is the character of the gains and losses? Assume there was no asset sold in prior years.

Brandon, an individual, began business four years ago and has sold $1231 assets with $5,900 of losses within the last 5 years. Brandon owned each of the assets for several years. In the current year, Brandon sold the following business assets: Original Accumulated Asset Cost Depreciation Gain/Loss Machinerys 31,800 $ 8,800$ 10,900 Land 58,000 0 29,000 Building 126,000 38,000 (23,000