Question: In February 2013, T bought and placed in service for 100% use in his business a light-duty truck (5-year property) that cost $10,000. T used

In February 2013, T bought and placed in service for 100% use in his business a light-duty truck (5-year property) that cost $10,000. T used the half-year convention and your MACRS deductions for the truck were $2,000 in 2013 and $3,200 in 2014. T sold the truck in May 2015
for $7,000. The MACRS deduction in 2015, the year of the sale, is $960 (½ of $1,920).

What is the character and amount of the gain?

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