Business
Business, 22.08.2020 19:01, silas99

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 $ 74,000 $ 81,300 $ 11,300
Equipment B $ 61,600 $ 54,800 $ 10,300
For Equipment B, Pensacola would record a gain/(loss) of:.
a. $5,300
b. $(6,800)
c. $(7,800)
d. none of these answer choices are correct

answer
Answers: 3

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

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