Recognized gain or loss from the disposition of asset

Question

Problem: Green Industries (a sole proprietorship) sold three SS1231 assets during 2005.

Data on these property dispositions are as follows:

Asset        Cost       Acquired    Depreciation    Sold for      Sold on
Rack     $100,000    10/10/01    $60,000         $135,000    10/10/05
Forklift  $35,000      10/16/02    $23,000             $5,000   10/10/05
Bin       $87,000      03/12/04    $34,000            $60,000   10/10/05

Q1. Determine the amount and the character of the recognized gain or loss from the disposition of each asset.

Q2. Assuming Green has $5,000 nonrecapture net ss1231 losses from the five prior years, how much of the 2005 recognized gains is treated as capital gains?