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Prepare a journal to record the exchange

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Question - On July 1, 2017 PT RAISA exchanged a machine with an acquisition price of IDR 5,000,000 for a plot of land for an acquisition price of IDR 6,000,000. The accumulated depreciation of machinery until the end of 2007 was IDR 3,000,000. At the time of this exchange, the market price of the engine was Rp5,500,000. Prepare a journal to record the exchange, the estimated age of the machine is 5 years.

Reference no: EM132515488

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