Coronado Industries traded in a manual pressing machine for an automated pressing machine and gave $ 44500 cash. The old machine cost $ 474000 and had a net book value of $ 339000. The old machine had a fair value of 285000. a Which of the following is the correct journal entry to record the exchange assuming commercial substance? Equipment 329500 Loss on Disposal 54000 Accumulated Depreciation 135000 Equipment 474000 Cash 44500 Cash 44500 Equipment 285000 Loss on Disposal 54000 Accumulated Depreciation 135000 Equipment 518500 Equipment 653500 Accumulated Depreciation 135000 Equipment 474000 Cash 44500 Equipment 329500 Equipment 285000 Cash 44500