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A truck costs $110.000 when new and has accumulated depreciation of $105.000. Suppose Jackson Towing exchange the truck for a new truck. The new trucks

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A truck costs $110.000 when new and has accumulated depreciation of $105.000. Suppose Jackson Towing exchange the truck for a new truck. The new trucks a market value of $40,000, and Jackson pas cash of 48.000. urte exchange has comercial substance. What is the result of this change? O A No gain or loss O B. Loss of $10,000 OC. Gain of $58,000 OD Gain of $10,000

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