Exercise 10-18 Crane Company purchased an electric wax melter on April 30, 2017, by trading in its old gas model and paying the balance in cash. The following data relate to the purchase. List price of new melter Cash paid Cost of old melter (5-year life, $728 salvage value Accumulated Depreciation-old melter (straight-line) $16,432 10,400 11,648 6,552 5,408 Secondhand fair value of old melter exchange, assuming that the exchange (a) has commercial substance, and (b) lacks commercial substance. Cranes 31, and depreciation has been recorded through December 31, 2016. (Credit account titles are automatically indented when amount is not indent manually. Ir no entry is required, select "No Entry" for the account titles and enter o for the amounts.,) No. Account Titles and Explanation (a) Exchange has commercial substance Debit Credit To record current depreclation.)