Pressing Machine At Construction Site

A machine cost 120,000, has annual depreciation of 20,000, and has accumulated depreciation of 90,000 on december 31, 2010n april 1, 2011, when the machine has a fair value of 27,500, it is exchanged for a machine with a fair value of 135,000 and the proper amount of cash is paidhe exchange lacked commercial substance.