Question: only solve C. astion 2 5 points Saved Ihsan company trades its used machine for a new model at Horn stores. The exchange has commercial

only solve C. astion 2 5 points Saved Ihsan company trades

only solve C. its used machine for a new model at Horn stores. The exchange

astion 2 5 points Saved Ihsan company trades its used machine for a new model at Horn stores. The exchange has commercial substance. The used machine has onginal cost of 20,000, accumulated deprecation of 5.000 and a fair value of 12,000. The price of the new model is 25.000 but Hoin stores offers than company a trade in allowance of 10.000 for the used machine mark Required: A. Compute the cost of the new machine for ihsan company (1 mark) n. Show the journal records of the transaction in the book of ihsan company (1 mark) C Explain these concepts as they appear in this question (3 marks) Trade in allowance if Book value un Fair value

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