Mehta company traded a used welding machine cost 26082

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Reference no: EM13590578

Mehta Company traded a used welding machine (cost $26,082, accumulated depreciation $8,694) for office equipment with an estimated fair value of $14,490. Mehta also paid $8,694 cash in the transaction.Prepare the journal entry to record the exchange. (The exchange has commercial substance.)

Reference no: EM13590578

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