Alba company had a machinery that cost $48,000 on January 5, 2010. On April 3, 2018, the old Machinery is exchanged for a new Machinery with a fair value of $24,000. Rogers also received $6,000 cash. The accumulated depreciation for the old machinery is 30,000. Instructions: Prepare the entry for the exchange on April 3, 2018 based on the following cases: If the exchange lacks commercial substance, the amount of new machinery will debit by: If the exchange has commercial substance, the amount of new machinery will debit by: If the exchange has commercial substance, gain on disposal will be: If the exchange lacks commercial substance, the amount of gain/loss on disposal will be: Choose... + Choose... + Choose... + Choose... +