Question: > Moving to another question will save this response. Question of Question 6 3.5 points MSN Company owns an old machine that cost $30,000, has

 > Moving to another question will save this response. Question of

> Moving to another question will save this response. Question of Question 6 3.5 points MSN Company owns an old machine that cost $30,000, has annual depreciation expense of $5,000, and has accumulated depreciation of $15.000 on December 31, 2020 on April 30, 2021 when the machine has a fair value of $12,000 t was exchanged for a similar machine that worth $36,000 and the propor amount of cash is paid The exchange tacks commercial substanco Required: Prepare the necessary Journal entries on April 30, 2021. For the toolbar, press ALT+F10 (PO) O ALT+N+F10 (MACH I. BTU $ Paragraph Arial 10pt WONDO

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