Question 2 Henry Co. exchanged Building H which has an appraised value of $2,400,000, a cost of $3,795,000, and accumulated depreciation of $1,800,000 for Bulding T belonging to Thomas C0. Building T has an appraised value of $2,256,000, a cost of $4,515,000, and accumulated depreciation of $2,376,000. Assume depreciation has already been updated. Thomas also paid $144,000 to Henry as part of the exchange. Instructions a. Prepare the joumal entry to record the exchange assuming it has commercial substance. b. Prepare the journal entry to record the exchange assuming it lacks commercial substance