Question 3 5 points Save Answer ihsan company trades its used machine for a new model at Hosn stores. The exchange has commercial substance. The used machine has original cost of 20,000, accumulated depreciation of 5,000 and a fair value of 12,000. The price of the new model is 25,000 but Hosn stores offers Ihsan company a trade-in allowance of 10,000 for the used machine. (5 marks) Required: A Compute the cost of the new machine for thsan company (1 mark) B. Show the journal records of the transaction in the book of thsan company (1 mark) C. Explain these concepts as they appear in this question (3 marks) Trade-in allowance Book value Fair value