ACME Co. paid $110,000 for the net assets of Comb Corp. At the time of the acquisition the following information was available related to Comb's balance sheet:
Book Value Fair Value
Current
$50,000 $50,000
Assets
Builiding
80,000 100,000
Equipment
40,000 50,000
Liabilities
30,000 30,000
What is the amount of gain or loss on disposal of business should Comb Corp. recognize?