Question: 02:22:1 Question 9 View Policies Current Attempt in Progress A machine cost $1212000, has annual depreciation of $199000, and has accumulated depreciation of $946000 on

02:22:1 Question 9 View Policies Current Attempt in Progress A machine cost $1212000, has annual depreciation of $199000, and has accumulated depreciation of $946000 on December 31, 2017 On April 1, 2018, when the machine has a fair value $280000, it is exchanged for a machine with a fair value of $1349000 and the proper amount of cash is paid. The exchange had commercial substance. The gain to be recorded on the exchange is 567000 $63750 50 $137000 Sve for later Attempts of 1 used Submit Assignments to Gradebook Your gadis being recorded Sator 1.202070610 ArcaNewYork 0400

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