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Need some help! Alamos Co. exchanged equipment and $17,400 cash for similar equipment. The book value and the fair value of the old equipment were

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Alamos Co. exchanged equipment and $17,400 cash for similar equipment. The book value and the fair value of the old equipment were $80,600 and $90,700, respectively. Assuming that the exchange lacks commercial substance, Alamos would record a gain/(loss) on exchange of assets in the amount of: Multiple Choice $10.100, O O $(10,100), O $27,500 O $0

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