Multigi yeu Depreciation x1: A machine cost $40.000 pas annual depreciation expense of $8.000, and has accumulated depreciation is $20,000 on December 31, 2014. On Apr 1, 2015 when machine has a fair value of $16,000, it is exchanged for a similar machine with a fair value (the new machine) of $48,000 with $32.000 cash paids The exchange has lacked commercial Multigi yeu Depreciation x1: A machine cost $40.000 pas annual depreciation expense of $8.000, and has accumulated depreciation is $20,000 on December 31, 2014. On Apr 1, 2015 when machine has a fair value of $16,000, it is exchanged for a similar machine with a fair value (the new machine) of $48,000 with $32.000 cash paids The exchange has lacked commercial