On November 1,2022 Spring Corporation acquired a new equipment to be used in its production process. Spring exchanged an existing asset that had an original cost of $100,000 and accumulated depreciation of $45,000. The fair value of the old equipment is $65,000. In addition, Spring paid $30,000 cash to the equipment manufacturer to acquire the new equipment. The transaction does not have commercial substance. Does Spring Corporation have a gain or a loss on this exchange? A What is the amount of the gain or loss that will be recognized? A What is the amount that the new equipment will be recorded at? A