The Bronco Corporation exchanged land for equipment. The land had a book value of $120,000 and a fair value of $150,000. Bronco paid the owner of the equipment $10,000 to complete the exchange which has commercial substance. Required: 1. What is the fair value of the equipment? 2. Prepare the journal entry to record the exchange. E 10–18: Nonmonetary exchange LO10–6 [This is a variation of the previous exercise.] Required: Assume the same facts as in Exercise 10–17 except that Bronco received $10,000 from the owner of the equipment to complete the exchange.

1. What is the fair value of the equipment?
2. Prepare the journal entry to record the exchange.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

i would prefer to go with the news article for nate, its recent and updated and stores a lot of information

answer; commerce clearing house;