Siena Industries (a sole proprietorship) sold three § 1231 assets during 2022. 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 Siena has no 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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Asset Rack Forklift Bin Cost $100,000 Accumulated Acquired Depreciation 10/10/18 35,000 10/16/19 87,000 03/12/21 $62,000 23,000 34,000 Sold for $86,000 4,000 60,000 Sold on 10/10/22 10/10/22 10/10/22