On 1/1 a business exchanged equipment for TRUCKS from a company that was relocating. The exchange does not have commercial substance. DATA: Equipment (Cost) $400,000 Accumulated Depreciation $275,000 Fair Value $150,000 Cash paid to complete the exchange $15,000 When recording the journal entry they should? Select ALL correct answers, points deducted for wrong answers. Credit Equipment for $400,000 Credit Accumulated Depreciation for $275,000. Debit gain on exchange for $25,000. Credit Cash For $15,000 Credit gain on exchange for $25,000. Debit Accumulated Depreciation for $275,000 Debit Truck for $140,000 Debit Loss On exchange for $25,000 Debit Equipment for $400,000. Credit Loss On exchange for $25,000. Debit Cash for $15,000