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:

The value at which the acquired asset will appear on the company's statement of financial position.

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 $"0")$