Question 1 5 pts In order to enhance the business' efficiency, an old machine was traded in for a newer model. The old machine had cost $140,500 and accumulated depreciation as at trade-in date amounted to $102,000. The market value of the new model is $208,000 and a trade- in allowance of $30,000 was granted on the old machine. Any outstanding balance was paid in cash. The journal entry to record the transaction is: Dr Machine (New) $208,000. Dr Accumulated Depreciation $102,000. Cr Cash $169,500. Cr Machine (Old) $140,500 o Dr Machine (Old) $140,500. Dr Cash $178,000. Cr Accumulated Depreciation $102,000. Cr Machine (New) $208,000. Cr Gain on disposal $8,500. Dr Accumulated Depreciation $102,000. Dr Machine (New) $178,000. Cr Machine (Old) $140,500. Cr Cash $139,500. Dr Accumulated Depreciation $102.000. Dr Machine (New) $208,000. Dr Loss on disposal $8,500. Cr Machine (Old) $140,500. Cr Cash $178,000