In 2018, Emma Evans sold a piece of equipment from her business for \(\$ 80,000\). The equipment was purchased in 2014 for \(\$ 72,000\), had a useful life of five years, and was depreciated on a straight-line basis. A total of \(\$ 50,400\) depreciation was taken.

a. How will the gain or loss on the sale be treated?

b. How would Emma have treated the gain or loss if she had sold the property for \(\$ 15,000\) ?