Bramble Corp. traded in a manual pressing machine for an automated pressing machine and gave $$45500$ cash. The old machine cost

$$476000$ and had a net book value of $$341000.$ The old machine had a fair value of $$275000.$

Which of the following is the correct journal entry to record the exchange assuming commercial substance?

Equipment

Loss on Disposal

Accumulated Depreciation

Equipment

Cash

Equipment

Equipment

Cash

Cash

Equipment

Loss on Disposal

Accumulated Depreciation

Equipment

Equipment

Accumulated Depreciation

Equipment

Cash

$320500$

$66000$

$135000$

$476000$

$45500$

$320500$

$275000$

$45500$

$521500$

$135000$

$476000$

$45500$