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Business, 14.04.2020 17:51 kayleewoodard

Beerbo Inc. traded a used truck for a small computer. Before this exchange of non-monetary assets (ENMA), Beerbo's balance sheet show the used truck at a cost of $30,000 with an accumulated depreciation balance of $27,000. The fair value of the small computer was $37,000. Beerbo also paid $36,000 in the transaction. Assume the ENMA has commercial substance. What is the total fair value given by Beerbo in this transaction

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Beerbo Inc. traded a used truck for a small computer. Before this exchange of non-monetary assets (E...
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