Watch the video " the best stats youve ever seen " then answer the questions.​

In a chapter 7 bankruptcy, a debtor:

On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.

Identify the level of the literature hierarchy for u.s. gaap to which each item belongs