A and B have an exchange with no commercial substance.The equipment given up by A has a historical cost of $750,000, accumulated depreciation of $426,000, and a fair value of $405,000.The equipment given up by B has a historical cost of $810,000, accumulated depreciation of $330,000, and a fair value of $513.000. A also gives B $108,000 in cash. Answer the questions below for B. Required Part 1: Is there a gain or loss on the asset that B is disposing of and how much is it? Part 2: At the date of the exchange, will the gain or loss be recognized by B? Why? Part 3: Prepare the journal entry to record the exchange for B.

ANSEWR should be about B not A!