Asset Traded for Similar Asset A printing press priced at a fair market value of $225,000 is acquired in a transaction that has commercial substance by trading in a similar press and paying cash for the difference between the trade-In allowance and the price of the new press Asuming that the trade-in allowance is $90,000, what is the amount of cash ve? b. Assuming that the book value of the press traded in is $68,000, what is the pain or low on the exchange? Gain LOSS