Business, 15.04.2020 21:22, nawaphon1395

Equipment was acquired for $ 252,000 and has accumulated depreciation of $ 191,000. The business exchanges this equipment for new equipment. The new equipment has a market value of $ 206,000 and the business pays $ 151,000 cash. Assume the exchange has commercial substance. The exchange results in .

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Equipment was acquired for $ 252,000 and has accumulated depreciation of $ 191,000. The business exc...