Excellent Eyes, an eye surgery company, trades its laser equipment for the newer equipment that possesses ergonomic designs for the comfort of both patients and doctors, manufacturers by Light Waves company. The book value of the current equipment is RM200,000. (cost: RM500,000 less accumulated depreciation RM300,000.00) and a fair value of RM250,000. In addition to the assets exchanged, the eye surgery company paid RM30,000 in cash. Required: a. Discuss whether the exchange reflects a commercial substance to Excellent Eyes. b. Determine the cost of the acquired newer laser equipment. c. Provide a journal entry to record the above