a truck costs $127,000 when new and has

EQuestion Help A truck costs $127,000 when new and has accumulated depreciation of $95,000. Suppose Jake Towing exchanges the truck for a new truck. The new truck has a mark value of $82,000, and Jake pays cash of $41,000. Assume the exchange has commercial substance. What is the result of this exchange? 0 A. No gain or loss O B. Gain of $9,000 O C. Gain of $50,000 0 D. Loss of$9,000 Click to select your