A truck costs $ 52 comma 000 when new and has accumulated depreciation of $ 40 comma 000. Suppose John Towing exchanges the truck for a new truck. The new truck has a market value of $ 70 comma 000, and John pays cash of $ 44 comma 000. Assume the exchange has commercial substance. What is the result of this exchange? A. No gain or loss B. Gain of $ 14 comma 000 C. Gain of $ 58 comma 000 D. Loss of $ 14 comma 000

Adamson company manufactures four lines of garden tools. as a result of an activity analysis, the accounting department has identified eight activity cost pools. each of the product lines is produced in large batches, with the whole plant devoted to one product at a time. classify each of the following activities or costs as either unit-level, batch-level, product-level, or facility-level. activities (a) machining parts. (b) product design. (c) plant maintenance. (d) machine setup. (e) assembling parts. (f) purchasing raw materials. (g) property taxes. (h) painting.