12 1 points In an exchange with commercial substance, Alpha Co traded equipment with a cost of $1,200,000 and book value of $3,500,000 and give 55,420.000 sash The old machine had a fair value of $2,750,000. Which of the following journal entries would Alpha Co make to record the exchange OA Equipment 8,170,000 Accumulated Depreciation... 5,450,000 Equipment 8,200,000 Cash 5,420,000 Equipment 8,170,000 Equipment Cash 2,750,000 5.420,000 Equipment 8.170,000 Accumulated Depreciation.. 5,450,000 Equipment 13,620,000 OD. Equipment 8,170,000 Loss on Disposal... 750,000 Accumulated Depreciation.. 4,700,000 Equipment Cash 8.200,000 5,420,000 Click Submit to complete this assessment. Question Moving to another question will save this response. Question 11 Which of the following statements is a limitation of the income statement? O A. Help assess the risk or uncertainty of achieving future cash flows. OB. Evaluate the past performance of the enterprise. OC. Provide a basis for predicting future performance. O D. Income measurement involves judgment. Question 9 Which of the following statements is True about the capital allocation process? OA. Promotes productivity. OB. Encourages innovation. OC. Determining how and at what cost money is allocated among competing interests. OD. Provides timely, relevant information and encourages innovation. ing to another question will save this response