The company exchanged an asset for a similar asset. The exchange was with another company in the same line of business. The old asset had a cost of $1,000 and accumulated depreciation of $850. The old asset had a market value of $400 on the date of the exchange. Make the journal entry necessary to record the exchange assuming that

(1) The company received the new machine and no cash,

(2) The company received the new machine and a “large” amount of cash of $300, and

(3) The company received the new machine and a “small” amount of cash of $80.