Briyanne Inc.purchased a computer for $5,000.During 2015 and 2016,the company recorded total depreciation of $4,000 on the computer.On January 1,2017,the company traded in the computer for a new one,paying $4,000 cash.The fair market value of the new computer is $6,000.Journalize the company's exchange of computers.Assume the exchange had commercial substance.
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