Question: Journal entry by Denver if Denver exchanges the computer for a new system from Intel Inc. The original cost of Intel's system's is $45,000 and

Journal entry by Denver if Denver exchanges the computer for a new system from Intel Inc. The original cost of Intel's system's is $45,000 and its current book value is $20,000. The market value of the Denver computer is $28,000 and the market value of the Intel computer is $30,000. Denver pays Intel $2,000 to complete the exchange. Assume the commercial substance.

2. (same as 1) except no commercial substance).

Journal entry by Denver if Denver exchanges the computer for a new system from Intel Inc. The original cost of Intel's system's is $45,000 and its current book value is $20,000. The market value of the Denver computer is $28,000 and the market value of the Intel computer is $30,000. Intel pays Denver $2,000 to complete the exchange. Assume NO commercial substance.

3. Journal entry by Intel if Denver exchanges the computer for a new system from Intel Inc. The original cost of Intel's system's is $45,000 and its current book value is $20,000. The market value of the Denver computer is $28,000 and the market value of the Intel computer is $30,000. Intel pays Denver $2,000 to complete the exchange. Assume commercial substance

4. (same as 3) except no commercial substance).

Journal entry by Intel if Denver exchanges the computer for a new system from Intel Inc. The original cost of Intel's system's is $45,000 and its current book value is $20,000. The market value of the Denver computer is $28,000 and the market value of the Intel computer is $30,000. Intel pays Denver $2,000 to complete the exchange. Assume NO commercial substance

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