Question Cumpletion Stati Moving to another question will save this response. Question 1 Question 1 of 15 5 points ihsan company trades its used machine for a new model at Hosn stores. The exchange has commercial substance. The used machine has ongnal cost of 20,000, accumulated depreciation of 5,000 and a fair value of 12,000. The price of the new model is 25,000 but Hosn stores offers ihsan company a trade-in allowance of 10,000 for the used machine. (5 mark Required: A Compute the cost of the new machine for Ihsan company (1 mark) B. 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) I Trade-in allowance Book value Fair value