n 1 led below are two independent situations: Lar Company exchanged an old equipment (cost $200,000 less $110,000 accumulated depreciation plus $10.000 ash for a new equipment. The old equipment had a fair value of $70,000. Prepare the entry to record the exchange st equipment by Star Company. Abdulla Company exchanged an old Car (cost $90.000 less 550,000 accumulated depreciation for new equo Abdulla paid $36,000 cash in the exchange. The old car that was exchanged had a fair value of 544,000. Prepare the entry to record the exchange of car by Abdulla Company. 4 BI SE .C? n 1 led below are two independent situations: Lar Company exchanged an old equipment (cost $200,000 less $110,000 accumulated depreciation plus $10.000 ash for a new equipment. The old equipment had a fair value of $70,000. Prepare the entry to record the exchange st equipment by Star Company. Abdulla Company exchanged an old Car (cost $90.000 less 550,000 accumulated depreciation for new equo Abdulla paid $36,000 cash in the exchange. The old car that was exchanged had a fair value of 544,000. Prepare the entry to record the exchange of car by Abdulla Company. 4 BI SE .C