Alamos Co. exchanged equipment and $18,000 cash for similar equipment.

Alamos Co. exchanged equipment and $18,000 cash for similar equipment.

Alamos Co. exchanged equipment and $18,000 cash for similar equipment. The book value and the fair
value of the old equipment were $82,000 and $90,000, respectively.
Assuming that the exchange lacks commercial substance, Alamos would record a gain/(loss) of

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