Record Partner $$Bank$\text{'}$s trade$-$in of old fixtures for new ones. Assume the exchange had commercial substance.

$$Let$\text{'}$s begin by calculating the gain or loss on the exchange of fixtures. $($Enter $"0"$ for items with a zero$$ value.$)$Record Partner $$Bank$\text{'}$s trade$-$in of old fixtures for new ones. Assume the exchange had commercial substance.

$$Let$\text{'}$s begin by calculating the gold fixtures: New fixtures:

Cost, $$91,000$ Cash paid, $$110,000$

Accumulated depreciation, $$68,000$ Market value, $$133,000$