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A company exchanged old equipment and $ 1 7 , 2 0 0 cash for similar equipment. The book value and the fair value of

A company exchanged old equipment and $17,200 cash for similar equipment. The book value and the fair value of the old equipment were $80,600 and $90,500, respectively.
Assuming that the exchange has commercial substance, the company would record a gain(loss) of:

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