Question

Leo Gallagher is a traveling comedian, musician, and philosopher. In September of 2019, a truck he had used for several years to transport watermelons for his business was totally destroyed in a sudden accident. His insurance reimbursed him 6,000 for the truck, which had adjusted basis of 5,000 and FMV of 9,000. In addition, he disposed of the following assets during 2019, and they all were solely used in the trade or business:

Asset	Purchased	Sold	Cost	Accumulated Depreciation	Sale Price
Sledge Hammer	3/10/2016	6/17/2019	3,000	1,000	6,000
Office Furniture	7/18/2015	2/2/2019	20,000	12,000	6,000
Equipment	10/14/2017	10/30/2019	230,000	11,800	250,000

For each asset/transaction, list BOTH the amount(s) and the character(s) of any gain(s) or loss(es).