7 Print Marted 0.00 THAuation| ca Prece iment bu Land Construction Process change Lacking Commercial Substance with accumulated depreciation of 138.000. The asset's fair value 538.000. Sito trade in this old asset and pay $4500 for a new incs, record Silos journal entry for the exchange Dr. Aceste Property Tax Pay Antigo NO contable Com Capitan Neste chce Ace Defense wa Lange Las Casas La Laat ons Assigning Value to Assets in Nonmonetary Exchange Lacking Commercial Substance So Inc. owns an asset originally costing $75,000, with accumulated depreciation of 538,000. The asset's fair value is $38,000. Sio trades in this old asset and pays $4,500 for a new asset. If the transaction lacks commercial substance, record Silo's journal entry for the exchange Dr. Cr. Equipment new Account Name . Save Answers Next Previous