Question 14 5 points Save Answer A machine cost $60,000 and has accumulated depreciation of $33,000 on December 31, 2014. At that time, the machine had a fair value of $24,000 and has been exchanged for a similar machine with a fair value of $72,000 and the proper amount of cash is paid. The exchange lacked commercial substance. Requirement: Prepare the necessary journal entry to record the above exchange. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). 6 Paragraph Arial 14px