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Business, 22.08.2020 06:01 michaelchavez6959127

Pensacola Inc. exchanged old equipment for new equipment in two exchange transactions. Each transaction has commercial substance. Old Equipment Cash Book Value Fair Value Received Equipment A $ 74,100 $ 81,600 $ 11,100 Equipment B $ 61,900 $ 55,600 $ 10,000 For Equipment B, Pensacola would record a gain/(loss) of:

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Pensacola Inc. exchanged old equipment for new equipment in two exchange transactions. Each transact...
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