Assume the exchange lacks commercial substance. Anabtawi Co. exchanged a piece of equipment with an original cost of $80,000, accumulated depreciation to date of $40,000, and a fair value of $45,000 for a piece of equipment. The newly acquired equipment had a book value of $35,000 and a fair market value of $36,000. Required Prepare the exchange entry for Anabtawi Co. Account gain Colt 4 45000 =125000 2 DR CR 5000 Dep 40,000 cost new mech 125260e x X X