ent PRINTER VERSION Concept for Analyse 10-4 (Part Level Submission) You have two cents that are considering trading machinery with each other. Although the machines are different from each other, you believe that an assessment of expected cash flows on the exchanged assets will indicate the exchange lacks commercial substance. Your dients would prefer that the exchange be deemed to have commercial substance, to allow them to record gains. Here are the facts Original cost Accumulated depreciation Par value Cash received (paid) Client clients $101,300 $149,100 36,100 76,600 87.600 110,000 (22,400) 22,400 () Record the trade in on Client's books assuming the exchange has commercial substance. (If no entry is required, select "Mentry for the account tities and enter for the amounts Credit account titles are automatically indented when amount is entered. Do not indent manually.) Accu Tities and Explanation Debit Credit Machinery Accumulated Depreciation cah Machinery Click if you would like to show Work for this questioni On Show Work xi 2000-2020 Inc. All Reserved. A Divine West 80 00 Da mment PRINTER VERSION Cash BACK Machinery Click if you would like to show Work for this questions Open Show Work W LIST DE ACCOUNTS Attempts: 0 of 1 osed SAVE POR LATER SUBMIT ANSWER The parts of this question must be completed in order. This art will be available when you complete the part above (d) The part of this question must be completed in order. The will be able when you complete the art on e) The parts the continuer de corted in order. This are will be avaie when you come the part above y. I 2000:200. Wilton Inc. All Rights Reserved. A woning og bu DO