A machine cost $1209000, has annual depreciation of $200000, and has accumulated depreciation of $958000 an December 31, 201?
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A machine cost $1209000, has annual depreciation of $200000, and has accumulated depreciation of $958000 an December 31, 201?. on April 1r 2013, when the machine has a fair value of$270000, it is exchanged for a machine with a fair value of $134900!) and the proper amount of cash is paid. The exchange had commercial substance. The gain to be recorded on the exchange is $69000s0$51000 $140000
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