Calling Card Co Ltd has acquired a printing press from Metal Manufacturers Ltd.The deal required Calling Card Co Ltd to exchange the following assets for the printing press

\begin{array}{|l|l|}\hline\text { Shares in Calling Card Co Ltd } & \begin{array}{l}50000 \text { shares with a market value of } \\\$ 1.10 \text { each }\end{array} \\\hline \text { Vehicle } & \begin{array}{l}\text { Cost } \$ 20000 \text {, accumulated } \\\text { depreciation } \$ 8000 ; \text { fair value } \$ 15000\end{array} \\\hline \text { Cash } & \$ 5,000\\\hline\end{array}

The cost to install the press was $1000 (not yet paid).What is the entry to record the purchase of the printing press?
A)

\begin{array} { | l | l | r | r | } \hline \mathrm { Dr } & \text { Printing press } & 75000 & \\\hline \mathrm { Dr } & \text { Accumulated depreciation } & 8000 & \\\hline \mathrm { Cr } & \text { Share capital } & & 55000 \\\hline \mathrm { Cr } & \text { Vehicle } & & 20000 \\\hline \mathrm { Cr } & \text { Gain on disposal of vehicle } & & 3000 \\\hline \mathrm { Cr } & \text { Cash } & & 5000 \\\hline\end{array}

\begin{array} { | r | l | r | r | } \hline \mathrm { Dr } & \text { Printing press } & 76000 & \\\hline \mathrm { Dr } & \text { Loss on disposal of vehicle } & 5000 & \\\hline \mathrm { Cr } & \text { Share capital } & & 55000 \\\hline \mathrm { Cr } & \text { Vehicle } & & 20000 \\\hline \mathrm { Cr } & \text { Installation cost payable } & & 1000 \\\hline \mathrm { Cr } & \text { Cash } & & 5000 \\\hline\end{array}

\begin{array} { | l | l | r | r | } \hline \mathrm { Dr } & \text { Printing press } & 76000 & \\\hline \mathrm { Dr } & \text { Accumulated depreciation } & 8000 & \\\hline \mathrm { Cr } & \text { Share capital } & & 55000 \\\hline \mathrm { Cr } & \text { Vehicle } & & 20000 \\\hline \mathrm { Cr } & \text { Gain on disposal of vehicle } & & 3000 \\\hline \mathrm { Cr } & \text { Installation cost payable } & & 1000 \\\hline \mathrm { Cr } & \text { Cash } & & 5000 \\\hline\end{array}

\begin{array} { | r | l | r | r | } \hline \mathrm { Dr } & \text { Printing press } & 73000 & \\\hline \mathrm { Dr } & \text { Accumulated depreciation } & 8000 & \\\hline \mathrm { Cr } & \text { Share capital } & & 55000 \\\hline \mathrm { Cr } & \text { Vehicle } & & 20000 \\\hline \mathrm { Cr } & \text { Installation cost accrued } & & 1000 \\\hline \mathrm { Cr } & \text { Cash } & & 5000 \\\hline\end{array}

AASB 101 Requires,as a Minimum,certain Line Items to Be Included

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