If the cost of the PP and E acquired equals the book value of the PP and E surrendered, there is no gain or loss (nor a revenue or other financing source), because the exchange of one asset for another of equal value does not provide a net inflow of resources.
PP and E acquired cost equals book value of PP and E surrendered; therefore, there isn't a gain or a loss because there's no net inflow of resources with exchanging assets for another one of the same value.
Two women in shorts are running on the beach next to the water.