Dodson Company traded in a manual pressing machine for an automated pressing machine and gave $14,512 cash. These machines have dissimilar future cash flows. The old machine cost $179,664 and had a net book value of $140,408. The old machine had a fair value of $142,448.

What is the amount of gain or loss from this transaction? If you calculate a loss, use a minus sign, i.e. -8000.