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Cedric Company recently traded in an older model computer for a new model. The old model's book value was $270.000 (original cost of $590.000 less $320.CXX) in accumulated depreciation) and its fair value was $300.000. Cedric paid S70.DD0 to complete the exchange which has commercial substance. Prepare the journal entry to record the exchange. (If no entry is required for a transaction/event, select "No