List price of new melter Cash paid 12,800 14,336 Cost of old melter (5-year life, $896 salvage value) Accumulated Depreciation-old melter (straight-line) 8,064 Secondhand fair value of old melter 6,656 Prepare the journal entries necessary to record this exchange, assuming that the exchange (a) has commercial substance, and (b) lacks commercial substance. Sunland's fiscal year ends on December 31, and depreciation has been recorded through December 31, 2016. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts) No. Account Titles and Explanation Debit Credit e has commercial substance: 896 Depreciation Expense 896 Accumulated Depreciati (To record current depreciation.) Equipment Accumulated Depreciation. Equipment Cash Gain on Disposal of Equipn