A copy machine was purchased for $38,000 and had accumulated depreciation of $25,000. The machine was traded in for a ne

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A copy machine was purchased for $38,000 and had accumulated
depreciation of $25,000. The machine was traded in for a new one
that had a sticker price of $52,000. The vendor agreed to give a
trade-in allowance for the old equipment in the amount of $9,000.
How much will the company need to pay in cash, and what is the
amount of the gain or loss?
a.$43,000; loss of $4,000
b.$43,000; gain of $4,000
c.$52,000; no loss or gain
d.$52,000; loss of $4,000