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Alamos Co. exchanged equipment and $17,100 cash for similar equipment. The book value and the fair value of the old equipment were $80,300 and $90,400,

Alamos Co. exchanged equipment and $17,100 cash for similar equipment. The book value and the fair value of the old equipment were $80,300 and $90,400, respectively. Assuming that the exchange lacks commercial substance, Alamos would record a gain/(loss) of:

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