Answer: $20.000
Explanation: The profit made by exchanging is asset is $ 20,000 because this new asset will be registered as an asset of $ 160,000 since its value is $ 100,000 and additionally we are giving $ 60,000 this adds up and in the end the value of this asset is going to be $ 160,000 so if we are transferring a good of $ 140,000 the difference is $ 20,000 and that is why this would be the profit that should be recorded in the income statement