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Cullumber Company traded machinery with a book value of $ 4 9 0 0 0 0 and a fair value of $ 1 0 6

Cullumber Company traded machinery with a book value of $490000 and a fair value of $1060000. It received in exchange from Vaughn Manufacturing a machine with a fair value of $954000 and cash of $106000. Vaughn's machine has a book value of $1007000.What amount of gain should Cullumber recognize on the exchange (assuming lack of commercial substance)?

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