above Based on the following information answer question 16, 17, 18, and 19 During the current year construction, ABC Construction trades old equipment that has a book value of original cost ETB 210,000 and with an accumulated depreciation ETB 75,000 for new equipment from XYZ Manufacturing Co. The new crane cost ETB 310,000 and it has an accumulated depreciation of ETB 62,500. The following information is also available. Fair value of an equipment (ETB) Cash paid (ETB) ABC 123,000 177,000 XYZ 300,000 16. Assuming the exchange is considered to have commercial substance, one of the following is an account recorded by ABC Construction: A. Debited loss on exchange by ETB 12,500 B. Credited equipment old by ETB 310,000 C. Credited gain on exchange by ETB 52,500 D. None 17. Assuming the exchange is considered to have commercial substance, one of the following is an account recorded by ABC Construction: A. Credited gain on exchange by ETB 52,500 B. Debited equipment new by ET B 300,000 C. Credited equipment old by ETB 310,000 D. None 18. Assuming the exchange is considered to have commercial substance, one of the following is an account recorded by XYZ Manufacturing Co.: A. Debited loss on exchange by ETB 12,500 B. Credited equipment old by ETB 300,000 C. Credited gain on exchange by ETB 52,500 D. None 19. Assuming the exchange is considered lacks commercial substance, one of the following is an account recorded by XYZ Manufacturing Co.: A. Debited cash by ETB 177,000 B. Debited loss on exchange by ETB 12,500 C. Credited equipment old by ETB 300,000 D. None 20. Which of the following cost is not included/capitalized under the cost of PPE A. Vandalism B. Uninsured theft C. Fines for not obtaining proper permits from government agencies D. All of the above E. None of the above 21. The appropriate method of accounting for uncollectable accounts when the amount of uncollectible is material: 5