A company exchanged old equipment and $$17,700$ cash for similar equipment. The book value and the fair value of the old equipment were $$81,100$ and $$90,200,$ respectively.

Assuming that the exchange lacks commercial substance, the company would record a gain$($loss$)$ on exchange of assets in the amount of:

Multiple Choice

$$0.$

$$(9,100).$

$$26,800.$

$$9,100.$ IT is not $9100$ this problem says it lacks commercial substance not sure what that means and how it relates to this problem.