39 Mona Company traded machinery with a book value of $280,000 and a fair value of $300,000. It received in exchange from Hoyle Company a machine with a fair value of $270,000 and cash of $30,000. Hoyle's machine has a book value of $285,000. What amount of gain should Mona company recognize on the exchange? d out of 9 question Select one: a. $20,000 b. $-0- c. $10,000 d. $30,000 40 Worthington Chandler Company purchased equipment for $10,000. Sales tax on the purchase was $500. Other costs incurred were freight charges of $200, repairs of $350 for damage during installation, and installation costs of $225. What is the cost of the equipment? d out of a question Select one: a. $10,000 b. $10.925 C. $10.500 d. $11,275