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Alamos Co. exchanged equipment and $18,400 cash for similar equipment. The book value and the fair value of the old equipment were $80,100 and $90,500,

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Alamos Co. exchanged equipment and $18,400 cash for similar equipment. The book value and the fair value of the old equipment were $80,100 and $90,500, respectively. Assuming that the exchange has commercial substance, Alamos would record a gain/(loss) of. Multiple Choice $(10,400) O $10,400 $28,800. $0

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