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the Jade Company acquired a tack in eschange for amachine The machine cost S20,000 nd has a book value of S10,000 and a fair vale

the Jade Company acquired a tack in eschange for amachine The machine cost S20,000

nd has a book value of S10,000 and a fair vale of S11.000 The trck has a cost of S15.000

and a book vale of $12,000 and a fair valar of S13,000. Jade pave consideration of 52,000 i

the exchange

Prepare the journal entries for the Jade Company to record the exchange

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