Question 28 Not yet answered Marked out of 1.00 '7 Flag question Barry, Inc. is considering exchanging a machine used in its operations. The entity received the following offers from interested companies: Accumulated Company Terms Cost _ _ Fair value deprec1ation Exchange a similar A to pay amount to A Co. . 345,000 1,300,000 675,000 1,035,000 machine Barry Exchange a similar E Co. . none 2,205,000 1,065,000 1,300,000 machine Exchange a similar C to receive amount c Co. . 120,000 2,400,000 1,125,000 ??? machine from Barry Barry inquired from a manufacturer and dealer of machinery and equipment, XYZ Co. Information about purchase from XYZ and information about existing machine is as follows: Cash paid by Accumulated _ Company Terms Cost _ _ Fair value Barry depreCIation XYZ Co. Trade in of old machine 1,395,000 1,950,000 2,775,000 Barry, Inc n/a 2,400,000 750,000 1,380,000 Assuming the exchange is with commercial substance but the fair value of asset given up is unavailable , how much is the gain or loss of C Co. on the exchange? 0 a. None of the choices 0 b. Gain of 105,000 0 c. Loss of 15,000 0 d. Gain of 225,000