I need help understanding this problem. I am confused on if it is monetary or nonmonetary. I thought it was considered monetary if more than 25% is cash consideration. I just am confused.

E 10-14 Nonmonetary exchange .LO10-6 Cedric Company recently traded in an older model of equipment for a new model. The old model's book value was S180,000 (original cost of $400,000 less 5220,000 in accumulated depreciation) and its fair value was $200,000 Cedric paid $60,000 to complete the exchange which has commercial substance. Required Prepare the journal entry to record the exchange