Copper Industries (a sole proprietorship) sold three ? 1231 assets during 2019. Data on these property dispositions are as follows:

a. Determine the amount and the character of the recognized gain or loss from the disposition of each asset.

b. Assuming that Copper has $6,000 nonrecaptured net ? 1231 losses from prior years, analyze these transactions and determine the amount (if any) that will be treated as a long-term capital gain.

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Accumulated Depreciation Sold on 10/10/19 10/10/19 10/10/19 Sold for Asset Acqulred 10/10/16 10/16/15 03/12/18 Cost Rack $110,000 45,000 97,000 $70,000 21,000 31,000 $55,000 15,000 Forklift Bin 60,000