Assuming that the exchange of Assets A and B lacks commercial substance, record the exchange for both Vaughn, Inc, and

Bramble, Inc. in accordance with generally accepted accounting principles. $($Do not round intermediate calculations. Round final

answer to $0$ decimal places eg $58,971.$ Credit account titles areautomatically indented when amount is entered. Donot indent manually.

If noentry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts$)$

Account Titles and Explanation

Debit

Credit

Vaughn, Incis Books

Accumulated Depreciation $-$ Machinery $($A$)$

Machinery $(B)$

Machinery $($A$)$

Bramble, Inci's Books

Accumulated Depreciation $-$ Machinery$($B$)$

Machinery $($A$)$

Cash

Gain on Disposal of Machinery

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