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 b. FST Co. exchanges a machine that cost $4,000 and has accumulated amortization of $3,560 for a similar machine. C. LKC Co pays $250 and exchanges a machine that cost $3,000 and has accumulated amortization of $1,900 for a d. HRT Co. pays $250 and exchanges a machine that cost $2,000 and has accumulated amortization of $1,400 for a e. AML Co. pays $500 and exchanges a machine that cost $9,000 and has accumulated amortization of $8,400 for a 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. FST also receives $25 in the exchange. The fair market value of the old asset is $750. The fa market value of the new asset is $725. There is no commercial substance to the transaction 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 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 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 "") ue of new ransaction asset on the SFP 1,415