Concept for Analysis 10-4 You have two clients that are considering trading machinery with each other. Although the machines are different from each other, you believe that an assessment of expected cash flows on the exchanged assets will indicate the exchange lacks commercial substance. Your clients would prefer that the exchange be deemed to have commercial substance to allow them to record gains. Here are the facts: Client A Client B Original cost $105,500 $144,500 Accumulated depreciation 44,800 30,000 Fair value 73,300 $5.900 Cash received (paid) (12,600) 12.600 for the amounts Record the trade-in on Client A's books assuming the exchange has commercial substance. (If no entry is required, select "No Entry for the account tities and enter Credit account titles are automatically indented when amount is entered. De not indent manually.) Account Titles and Explanation Debit PRINTER VERSION BACK NEXT Record the trade-in on Clent A's books assuming the exchange lacks commercial substance. (If no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit SHOW LIST OF ACCOUNTS Record the entry or Client's books assuming the exchange has commercial substance (17 no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account tities are automatically indented when amount is entered. Do not indent manually.) Debit Credit Account Tities and Explanation SHOW LIST OF Record the entry on Client B's books assuming the exchange lacks commercial substance. (Round intermediate calculations to 5 decimal places, eg. 1.25124 and final answer to o places e.g. 58,971. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account bites are automatically indented when amou entered. Do not indent manually.) Account Titles and Explanation Debit Question Attempts of 3 used AERO S IT AMEWER