Question: & Moving to another question will save this response Question of 12 Question 8 1 points In an exchange with commercial substance, Alpha Co. traded
& Moving to another question will save this response Question of 12 Question 8 1 points In an exchange with commercial substance, Alpha Co. traded equipment with a cost of $7,700,000 and book value of $2.500,000 and gave $4.420,000 cash. The old machine had a fair value of $2,170,000. Which of the following journal entries weeld Alpha Co, make to record the exchange? O A. Equipatient 6,920,000 Equipment Cash 2,500,000 4,420,000 OB. Equipment 6,590,000 5,530,000 12.120,000 Oc Equipment 7,700,000 4,420,000 OD. Equipment 7,700,000 4,420,000 DELL Accumulated Depreciation.. Equipment Accumulated Depreciation.. Equipment. Cash Loss on Disposal.. Accumulated Depreciation... Equipment Cash 6,590,000 5,530,000 6,590,000 330,000 5,200,000
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