Question: Plz answer quick question Question 12 of 12 1 points In an exchange with commercial substance, Alpha Co. traded equipment with a cost of $7,700,000

 Plz answer quick question Question 12 of 12 1 points In

Plz answer quick question

Question 12 of 12 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 would Alpha Co. make to record the exchange? OA. Equipment Accumulated Depreciation. 6,590,000 5,530,000 Equipment 12,120,000 Equipment Accumulated Depreciation. Equipment -7,700,000 4,420,000 Cash Loss on Disposal. Accumulated Depreciation. 7,700,000 4,420,000 2,500,000 4.420 000 B. OC. Equipment OD. Equipment Equipment Cash Equipment Cash 6,590,000 5,530,000 6,590,000 330,000 5,200,000 6,920,000

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