Question Question is Mark * XYZ Corporation change machine cost 400.000 accumulated depreciation $30.000) funew mall car worth $35.000 XYZ wil in the Transaction par the journal entry for the exchange (The exchange bar con Markus Fredly lifirweclosures required in presenting fories on the financial statements of a company according to counting and Mark) YEYINEMA 6 points Question 1: (6 Marks) a. XYZ Corporation exchanged a used machine (cost $400,000, accumulated depreciation $380,000) for a new small car worth $35,000, XYZ also paid $6000 in the transaction. Prepare the journal entry to record the exchange (The exchange has commercial substance) (3 Marks) D. Briefly list a few disclosures required in presenting inventories on the financial statements of a company according to accounting standards. 3 Marks) For the toolbar, press ALT F10 (PC) or ALTHEN F10 (Mac). BI U $ Paragraph Arial 10pt ** I 5 3