Copper Industries (a sole proprietorship) sold three § 1231 assets during 2015. 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 non-recaptured net § 1231 losses from prior years, how much of the 2015 recognized gains is treated as capital gains?

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Asset Rack Forklift Bin 110,000 10/10/12 45,000 10/16/11 97,000 03/12/14 Cost Acquired Depreciation Sold for Sold on $70,000 21,000 31,000 $55,000 10/10/15 5,000 10/10/15 0000 10/10/15