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Unanswered Save Problem 2: Asset exchange Softice Inc. obtained a commercial grade soft-serve ice cream machine on December 31st, 2017. Softice traded in its existing

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Unanswered Save Problem 2: Asset exchange Softice Inc. obtained a commercial grade soft-serve ice cream machine on December 31st, 2017. Softice traded in its existing machine and paid cash in the transaction. The details of the transaction are as follows: List price of received ice cream machine $17,845 Cash paid 11,868 Cost of old machine 15,050 Salvage value of old machine 1,290 Accumulated depreciation old machine (straight-line) 6,880 Secondhand fair value of old machine 5,762 Prepare the journal entry necessary to record this exchange, assuming that the exchange lacks commercial substance. Notes please include your final answer and your calculations in the text box. If you only include a final answer and the answer is incorrect, I will not be able to give partial points if there are no calculations in the text box

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