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Pensacola inc exchanged old equipment for new equipment in two exchange transactions. each transaction has commercial substance old equipment case book value fair value receiveequipment a $73,900 $80,100 $12,400equipment b $60,300 $55,000 $10,200for equipment a, pensacola would record the new equipment atmultiple choicea.$69,200b.$67,700c.$55,200d. $ 71,950
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Pensacola inc exchanged old equipment for new equipment in two exchange transactions. each transacti...
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