Consider each of the following independent situations: a$.$ GYT

Co$.$ exchanges a machine that cost $$4,000$ and has accumulated

amortization of $$2,560$ for a similar machine. GYT also receives $$25$

in the exchange. The fair market value of the old asset is $$750.$

The fair market value of the new asset is $$725.$ There is no

commercial substance to the transaction. b$.$ FST Co$.$ exchanges a

machine that cost $$4,000$ and has accumulated amortization of $$3,560$

for a similar machine. FST also receives $$25$ in the exchange. The

fair market value of the old asset is $$750.$ The fair market value

of the new asset is $$725.$ There is no commercial substance to the

transaction. c$.$ LKC Co$.$ pays $$250$ and exchanges a machine that cost

$$3,000$ and has accumulated amortization of $$1,900$ for a similar

machine. The fair market value of the old asset is undeterminable.

The fair market value of the new asset is $$690.$ The transaction has

commercial substance. d$.$ HRT Co$.$ pays $$250$ and exchanges a machine

that cost $$2,000$ and has accumulated amortization of $$1,400$ for a

similar machine. The fair market value of the old asset is $$435.$

The fair market value of the new asset is $$680.$ The transaction has

commercial substance. e$.$ AML Co$.$ pays $$500$ and exchanges a machine

that cost $$9,000$ and has accumulated amortization of $$8,400$ for a

similar machine. The fair market value of the new asset is $$1,580.$

The transaction has commercial substance.Required: For each situation, determine: $1.$ The value at which

the acquired asset will appear on the company$$s statement of

financial position. $2.$ The amount of gain or loss that will be

recorded on the company$$s statement of comprehensive income.

$($Indicate if the answer is a gain or a loss. If no gain or loss is

recorded, enter $0)$