estion 18 4 pts Dodson Company traded in a manual pressing machine for an automated pressing machine and gave $40.000 cash. The old machine cost $465,000 and had a net book value of $355.000. The old machine had a fair value of $300,000 Which of the following is the correct journal entry to record the exchange assuming commercial substance? 615.000 Equipment Accumulated Depreciation Equipment Cash 110.000 465.000 40,000 40.000 300,000 55.000 Cash Equipment Loss on Disposal Accumulated Depreciation Equipment 110,000 505,000 Equipment 304,000 Equipment 200,000 Cash 40,000 340,000 55,000 Equipment Loss on Disposal Accumulated Depreciation Equipment Cash 110.000 465,000 40,000