Question: ABC Corp. traded a used computer with a book value of $ 4 5 , 0 0 0 and a fair value of $ 6

ABC Corp. traded a used computer with a bookvalue of $45,000 and a fair value of $60,000 for $10,000 cash and a computer with a fair value of $50,000. If the trade is an exchange that lacks commercial substance, what is the total gain recognized?
Multiple Choice
$2,500
$3,000
$12,500
$15,000

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