35 points Are MSN Company owns an old machine thal cost $30,000, has annual depreciation...
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35 points Are MSN Company owns an old machine thal cost $30,000, has annual depreciation expense of 56.000, and has accumulated depreciation or $15,000 on December 31, 2020 On April 30, 2021, when the machine has a fair value of $12,000, it was exchanged for a similar machine that worth $36,000 and the proper amount of cash is paid The exchange lacks commercial substance Required: Prepare the necessary journal entries on April 30, 2021 For the toobar pres ALT+F10 (PO DE ALT+FNIFO (Mac)
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