For this -Company exchanged equipment purchased for $ 45,000 ( accumulated depreciation of 24,000) fair value of $ 17,000 and cash of $ 5,000 for motor vehicle. Assume the transaction has commercial substance.- What is the amount for Equipment in the entry Answer 9 Question 21 Choose... For this -Company exchanged equipment purchased for $ 45,000 ( accumulated depreciation of 24,000) fair value of $ 17,000 and cash of $ 5,000 for motor vehicle. Assume the transaction has commercial substance.- Is there a Gain or Loss on exchange and how much