Question: 3.A company exchanges machine A (given up) for another machine, machine B (acquired): Machine A: Carrying amount (cost: $18,000 and accumulated depreciation: $8,000): 10,000 Fair

3.A company exchanges machine A (given up) for another machine, machine

3.A company exchanges machine A (given up) for another machine, machine B (acquired): Machine A: Carrying amount (cost: $18,000 and accumulated depreciation: $8,000): 10,000 Fair value is not reliably determinable Machine B: Fair value: 12,000 Required: Discuss how this exchange should be recorded, if at all

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