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Respond to the following prompts regarding asset exchanges. Clearly demarcate your responses to parts A and B using headings. When providing journal entries, use good

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Respond to the following prompts regarding asset exchanges. Clearly demarcate your responses to parts A and B using headings. When providing journal entries, use good form, as illustrated here: Date Description of journal entry Dr. Account name $amount Cr. Account name $amount A- Required: Assume that ABC Company traded an old bulldozer/compactor used on one of its landfills (along with $125,000 cash) for a new bulldozer. At the time of the exchange, ABC's accounting records showed the old bulldozer had an original cost of $115,000 and accumulated depreciation of $80,000. ABC estimated the fair value of the old bulldozer to be $48,000. Provide the journal entry to record the exchange. B - Required:' Provide the journal entry of the previously described exchange as if the exchange lacked commercial substance

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