Steffen Zweig company exchanges two used printing presses with a total net book value of 24,000 {$40,000 cost less accumulated depreciation of $16,000} for a new printing press with a fair value of $24,000 and $3,000 in cash. the fair value of the two used printing presses is $27,000. the transaction is deemed to lack commercial substance. determine the amount of gain or loss that would be recognized from this exchange of assets.