Question 2: PPE (22 marks) Part A (6 marks) 450,000=600,000 BN=CD Brother company exchanges a machinery for an equipment with Sister company. The carrying amount of the machinery at the date of exchange was $450,000 while its fair value was $600,000. The equipment on the other hand had a fair value of $800,000. Required: How should Brother company account for the equipment received? Please prepare the journal entries to record the exchange: (a) If the exchange has commercial substance? (3 marks) (b) If the exchange has no commercial substance