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Algon Company owns a machine that cost $560,000,has a book value of $240,000,and an estimated fair value of $480,000.Nogal Company has a machine that cost $720,000,has accumulated depreciation of $400,000,and an estimated fair value of $640,000.Algon pays Nogal cash of $160,000.Assume the trade has commercial substance.
(1)Record the exchange on Algon Company's books.
(2)Record the exchange on Nogal Company's books.
Lateralization
The propensity of particular cognitive functions or neural activities to be more pronounced in one hemisphere of the brain than in its counterpart.
Neurogenesis
The process by which new neurons are formed in the brain, contributing to brain development and plasticity.
Facial Expressions
Visual cues resulting from the movement of facial muscles, often conveying a person's emotional state or reactions.
Natural Selection
A process in evolutionary biology where organisms with traits most suited to their environment are more likely to survive and reproduce.
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