2. Equipment was acquired for $200,000 and has accumulated depreciation of $ 94,000. The business exchanges this equipment for new equipment. The new equipment has a market value of $310,000 and the business pays $60,000 cash. Assume the exchange has commercial substance. The exchange results in Show calculations A. Loss $136,000 B. Gain $196,000 C. Gain $136,000 D. Loss $196,000