The Ameale Company purchased a 3D printer on Jan 2, 2015 at $745,000. The company uses straight line depreciation method for all of its long-term depreciable assets. At the time of the purchase, Ameale estimated that the residual value of the laser equipment after 6 years of service life will be $25,000. On June 1. 2019, Ameale traded its 3D printer for the newer 4D printer manufactured by American Printer Association. Ameale also paid American Printer Association $390,000 in cash as part of the exchange. Assuming the fair value of the 3D printer is $150,000 in 2019, which of the following correctly describes the above exchange? O Fair value of the new equipment: $540,000; Loss: (65.000) O Fair value of the new equipment: $620,000: Gain: 55,000 O Fair value of the new equipment: $540.000; Loss: (55,000) O Fair value of the new equipment: $620,000; Loss: (65,000)