Ihsan company trades its used machine for a new model at Hosn stores. The exchange has commercial substance. The used machine has orignal cost of 20.000 accumulated depreciation of 5.000 and a fair value of 12.000. The price of the new model is 25,000 but Hosn stores offers ihsan company a trade-in allowance of 10,000 for the used machine, (5 marke Required: A. Compute the cost of the new machine for thsan company [1 mark) B. Show the journal records of the transaction in the book of insan company (mark) C. Explain these concepts as they appear in this question (3 marks) Trade-in allowance il Book value Fair value