Asset exchange with commercial substanceIn $2015,$ Malawi Inc.

exchanged equipment for two delivery trucks. The equipment had

beenpurchased for $$95,000$ ten years ago and has since been fully

depreciated. While the equipmentwas recently appraised at $$22,000,$

a reliable valuation for the trucks was not available.

Thistransaction has commercial substance.InstructionsPrepare the

journal entry to record the exchange.$$