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show work please 6. (4 points) This machinery was acquired by trading in used machinery. Facts concerning the tradein are as follows. Record the journal

image text in transcribedshow work please
6. (4 points) This machinery was acquired by trading in used machinery. Facts concerning the tradein are as follows. Record the journal entry for the above nonmonetary asset exchange for the following scenarios: a. The transaction has commercial substance. b. The transaction lacks commercial substance

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