Freedom Bank recently traded in office fixtures. Here are the facts: (Click the icon to view the facts.) Read the requirements. Requirement 1. Record Freedom Bank's trade-in of old fixtures for new ones. Assume the exchange had commercial substance. Let's begin by calculating the gain or loss on the exchange of fixtures. (Enter "0" for items with a zero value.) Market value of assets received Less: Book value of asset exchanged Cash paid 5 Gain or (Loss) Enter any number in the edit fields and then click Check Answer. Freedom Bank recently traded in office fixtures. Here are the facts: (Click the icon to view the facts.) Read the requirements. Requirement 1. Record Freedom Bank's trade-in of old fixtures for new ones. Assume the exchange had commercial substance. Let's begin by calculating the gain or loss on the exchange of fixtures. (Enter "0" for items with a zero value.) Market value of assets received Less: Book value of asset exchanged Cash paid 5 Gain or (Loss) Enter any number in the edit fields and then click Check