During 2007,Cody Purchased an Automobile for $35,000 Which He Has

During 2007,Cody purchased an automobile for $35,000 which he has used 100 percent for business.On May 27,2011,he sells the car for $30,000.He has claimed $6,000 of depreciation.Cody:

A) Has a $5,000 loss which he can deduct on his tax return.
B) Has a $5,000 loss,but since it is a loss,he can not recognize it on his tax return.
C) Has a $1,000 gain which will be taxed at capital gains rates.
D) Must recognize a $1,000 gain which will be taxed at ordinary tax rates.