Elvera Easton Traded in Copying Equipment with an Adjusted Basis

Multiple Choice

Elvera Easton traded in copying equipment with an adjusted basis of $10,000 for other copying equipment valued at $6,000. She also received $1,500 in cash, and her mortgage of $2,500 on the traded computer was wiped out. What is her gain on this exchange, if any?

A) $0
B) $1,500
C) $2,500
D) $4,000
E) $6,000