Joe purchased a van for $30,000 on February 1, 2014, for use with his business, Crew Airport Transport. Joe elected to take the § 179 deduction for the entire cost. On January 1, 2016, Joe sold the van for $20,000. What were the tax effects of this transaction?
a. $10,000 loss
b. $20,000 capital gain
c. $20,000 ordinary gain
d. $10,000 capital gain, $10,000 ordinary gain