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WILSON HAS THE FOLLOWING DATA REGARDING AN EXCHANGE OF A MACHINE (ASSUME THE EXCHANGE HAS COMMERCIAL SUBSTANCE) OLD MACHINE FMV OLD MACHINE COST OLD MACHINE

WILSON HAS THE FOLLOWING DATA REGARDING AN EXCHANGE OF A MACHINE (ASSUME THE EXCHANGE HAS COMMERCIAL SUBSTANCE) OLD MACHINE FMV OLD MACHINE COST OLD MACHINE A/D NEW MACHINE FMV CASH PAID 62,000 125,000 78,000 145,000 83,000 HOW MUCH GAIN WILL WILSON RECOGNIZE ON THE EXCHANGE? 15000

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