this is my question.

4 QUESTION 1 Smart-Tech Engineering processes a machine to be used in the company's manufacturing process. The original cost of the machine is RM25,000 while its carrying amount is RM15,000. The fair value for the machine is RM30,000. The following four independent situations that relate to the machine take place during the year: i) Smart-Tech exchanged the machine for a multi-purpose vehicle with a list price of RM33,000. ii) Smart-Tech exchanges the machine with another manufacturing company for a similar machine with a list price of RM31,000. iii) Smart-Tech exchanges the machine for a newer 'high performance' machinery from another manufacturing company. The new machine had a list price of RM52,000 and Smart-Tech paid an additional cash of RM22,000. iv) Smart Tech exchanged the machine by also making a cash payment of RM2,000 for a similar machine from yet another manufacturing company, Norton. The newly acquired machine is carried on Norton's books as its cost of RM75,000 with accumulated depreciation of RM62,000. The fair value of this machine is RM63,000. 11 Required: 12 a) For each of the following independent situationsm indicate the value at which Smart-Tech should record the machine and provide justifications why it should be recorded at that value 13 b) For situation (iv), provide journal entries for both companies to record the exchange