16 An entity acquired an item of machinery in exchange for a motor vehicle. The carrying amount of the machinery is $6000 and similar machinery has recently been sold on the secondary market for $9000. The journal entry to record the acquisition of the machinery will include:

Group of answer choices

proceeds on sale of motor vehicle of $3000.

a loss on acquisition of $3000.

a gain on sale of $3000.

A gain of $6000.