Dodson Company traded in a manual pressing machine for an automated pressing machine and gave $8,000 cash.The old machine cost $93,000 and had a book value of $71,000.The old machine had a fair value of $60,000.
Which of the following is the correct journal entry to record the exchange? 
Definitions:
A social media platform focused on photo and video sharing, allowing users to create, upload, and interact through likes, comments, and shares.
Diverse Environment
A setting characterized by a wide variety of elements or components, such as cultural background, species, or ecosystems.
Faith-Based Organization
An organization whose values, practices, and activities are derived from religious beliefs or faith traditions.
Scholars
Individuals dedicated to the pursuit of learning and research, typically in the fields of academia.
Q3: On January 1, 2010, Beyer Co.leased a
Q14: If the foregoing figures are verified and
Q52: On April 1, 2009, Verlin Co.purchased new
Q52: The following information is available for Naab
Q83: The receivables turnover ratio is computed by
Q97: Lucy and Fred want to begin saving
Q97: What is the effect of net markups
Q97: A graph is set up with "yearly
Q103: On September 1, 2010, Herman Co.issued a
Q119: Depreciation is based on the decline in