An entity acquired an item of machinery in exchange for a motor vehicle. The carrying amount of the machinery is $6000 and its fair value cannot be measured with reliability. A motor vehicle is traded at $9000 if bought by cash. The journal entry to record the acquisition of the machinery will include:

Group of answer choices

a gain on sale of $3000.

proceeds on sale of motor vehicle of $3000.

a loss on acquisition of $3000.

A gain of $6000.