View Policies Show Attempt History Current Attempt in Progress You have two clients that are considering trading machinery with each other. Although the machines are forent from emptores you believe that an assessment of expected cash flows on the exchanged assets will indicate the exchanger la comportance Your clients would prefer that the exchange be deemed to have commercial substance to allow them to record ga Herrera facts: Client A Client B Original cost $105,500 $144,500 Accumulated depreciation 44.800 80.800 73.300 Fair value 85.900 12.600 Cash received (paid) (12.600) Your answer is correct 278 Record the trade-in on Client A's books assuming the exchange has commercial substance, if no entryside for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered Dorot manually) Account Titles and Explanation Debit Credit Machinery 85900 Accumulated Depreciation Machinery 44800 Cash 1140 Machinery 14 Gain on Disposal of Machinery e Textbook and Media (b) Record the trade-in on Client A's books assuming the exchange tacks commercial substance. If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically Indented when amount is entered. Do not ident manually) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Alamatan limited