Question: please answer and show work 39. Alamos Co. exchanged equipment and $18,000 cash for similar equipment. The book value and the fair value of the

please answer and show work please answer and show work 39. Alamos Co. exchanged equipment and $18,000

39. 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: A. $26,000 B. $8,000 C. ($8,000) D. $0

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