A truck costs $ 52 comma 000 when new and has accumulated depreciation of $ 40 comma 000. Suppose John Towing exchanges the truck for a new truck. The new truck has a market value of $ 70 comma 000​, and John pays cash of $ 44 comma 000. Assume the exchange has commercial substance. What is the result of this​ exchange? A. No gain or loss B. Gain of $ 14 comma 000 C. Gain of $ 58 comma 000 D. Loss of $ 14 comma 000