4. Horton Stores exchanged an old building for a new warehouse. The book value of the old building is 100,000, accumulated depreciation is 60,000, and fair value if 50,000. Horton paid $10,000 additional cash for the exchange. The fair value of the warehouse is 60,000. Assuming that the exchange has commercial substance, prepare the journal entry for the exchange.

4. Horton Stores exchanged an old building for a new warehouse. The book value of the old building is 100,000 , accumulated depreciation is 60,000 , and fair value if 50,000 . Horton paid $10,000 additional cash for the exchange. The fair value of the warehouse is 60,000 . Assuming that the exchange has commercial substance, prepare the journal entry for the exchange