Meteor Motor Sales Exchanged a Car from Its Inventory for a Computer

Multiple Choice

Meteor Motor Sales exchanged a car from its inventory for a computer to be used as a noncurrent operating asset.The following information relates to this exchange that took place on July 31,2014:

The exchange has commercial substance.
On July 31,2014,how much profit should Meteor recognize on this exchange?

A) $0
B) $8,000
C) $10,000
D) $13,000