On the first day of the fiscal year, a new walk-in cooler with a list price of $55,200 was acquired in exchange for an old cooler and $44,300 cash. the old cooler had a cost of $44,000 and accumulated depreciation of $37,700. assume the transaction has commercial substance. a. determine the gain to be recorded on the exchange. $ b. journalize the entry to record the exchange. if an amount box does not require an entry, leave it blank.

Which of the following businesses is most likely to disrupt an existing industry? a. closer connex developed an earphone that receives emails and text messages and converts them to voice messages. the first models had poor reception, but they rapidly improved over time. b. mega technologies reconfigured the components used in its touchscreen tablets to create a new type of wearable device for use in restaurants and other service industries. c. particle inc. developed a teleportation technology that can transport physical materials instantaneously across great distances. d. altrea added advanced camera technology to its premium line of smartphones so that they would take the highest-quality photos of all phones on the market.