How loss should lara immediately recognize on this trade

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Reference no: EM13137558

Lara Co. traded its old computer for a new model. The following information is pertinent to this transaction:

Cost of old computer $60,000
Accumulated depreciation – old computer 20,000
Fair value of old computer 30,000
List price of new model 80,000
Trade-in allowance for old computer 45,000

How much loss should Lara immediately recognize on this trade-in?

Reference no: EM13137558

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