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Amachine cost $80,000 and has accumulated depreciation of $44000 on December 31 2014 At that the macerad a value of $32,000 and has been exchanged

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Amachine cost $80,000 and has accumulated depreciation of $44000 on December 31 2014 At that the macerad a value of $32,000 and has been exchanged for a similar machine with a far value of $96.000 and the proper amount of cashpad The exchange lacked commercial substance Requirement: Prepare the necessary ouma entry to record the above exchange TID Moving to another question will save this response Question 1 Reporting of information about future expectation in an insignificant financial reporting challenge. True Moving to another question will save the response W Motly my e 9

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