Question: Equipment was originally acquired for $ 2 0 3 comma 0 0 0 and has accumulated depreciation of $ 8 8 comma 0 0 0

Equipment was originally acquired for $ 203 comma 000 and has accumulated depreciation of $ 88 comma 000. The business exchanges this equipment for new equipment. The new equipment has a market value of $ 303 comma 000 and the business pays $ 55 comma 000 cash. Assume the exchange has commercial substance. The exchange results in a________.

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