Siena Industries (a sole proprietorship) sold three § 1231 assets on October 10, 2018. 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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Sold for Acquired 10/10/14 10/16/15 03/12/17 Asset Cost Depreciation Rack $100,000 35,000 $62,000 23,000 $85,000 5,000 60,000 Forklift Bin 34,000 87,000