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A machine cost $1272000, has annual depreciation of $212000, and has accumulated depreciation of $1007000 on December 31 . 2025. On January 1,2026, when the

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A machine cost $1272000, has annual depreciation of $212000, and has accumulated depreciation of $1007000 on December 31 . 2025. On January 1,2026, when the machine has a fair value of $291500, it is exchanged for a machine with a fair value of $1431000 and the proper amount of cash is paid. The exchange had commercial substance. The gain to be recorded on the exchange is $26500$0$53000$159000

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