BE1o.10 (LO 3) Mehta SE traded a used welding machine (cost C9,000, LiO accumulated depreciation C3,000 ) for office equipment with an estimated fair value of 5,000. Mehta also paid 3,000 cash in the transaction. Prepare the journal entry to record the exchange. (The exchange has commercial substance.) BE10.11 (LO.3) Cheng SE traded a used truck for a new truck. The used truck cost $30,000 and has accumulated depreciation of $27,000. The new truck is worth $37,000. Cheng also made a cash payment of $36,000. Prepare Cheng's entry to record the exchange. (The exchange lacks commercial substance.) BE10.12 (LO_3) Slaton Ltd. traded a used truck for a new truck. The used truck cost 20,000 and has accumulated depreciation of 17,000. The new truck is worth record the exchange. (The exchange has commercial substance.) BE10.13 (LO 4) Indicate which of the following costs should be expensed when incurred. a. C13,000 paid to rearrange and reorganize machinery. b. 6200,000 paid for addition to building. c. C20o paid for tune-up and oil change on a delivery truck. d. 7,000 paid to replace a wooden floor with a concrete floor. BE1o.10 (LO 3) Mehta SE traded a used welding machine (cost C9,000, LiO accumulated depreciation C3,000 ) for office equipment with an estimated fair value of 5,000. Mehta also paid 3,000 cash in the transaction. Prepare the journal entry to record the exchange. (The exchange has commercial substance.) BE10.11 (LO.3) Cheng SE traded a used truck for a new truck. The used truck cost $30,000 and has accumulated depreciation of $27,000. The new truck is worth $37,000. Cheng also made a cash payment of $36,000. Prepare Cheng's entry to record the exchange. (The exchange lacks commercial substance.) BE10.12 (LO_3) Slaton Ltd. traded a used truck for a new truck. The used truck cost 20,000 and has accumulated depreciation of 17,000. The new truck is worth record the exchange. (The exchange has commercial substance.) BE10.13 (LO 4) Indicate which of the following costs should be expensed when incurred. a. C13,000 paid to rearrange and reorganize machinery. b. 6200,000 paid for addition to building. c. C20o paid for tune-up and oil change on a delivery truck. d. 7,000 paid to replace a wooden floor with a concrete floor