B-16 ?

*BE9-15 Olathe Company exchanges old delivery equipment for new delivery equipment. The book value of the old delivery equipment is $31,000 (cost $61,000 less accumulated depreciation $30,000 ). Its fair value is $24,000, and cash of $5,000 is paid. Prepare the entry to record the exchange, assuming the transaction has commercial substance. *BE9-16 Assume the same information as BE9-15, except that the fair value of the old delivery equipment is $33,000. Prepare the entry to record the exchange