value of the old equipment were $82,000 and $90,000, respectively.
Assuming that the exchange lacks commercial substance, Alamos would record a gain/(loss) of
Wednesday, February 3, 2016
Alamos Co. exchanged equipment and $18,000 cash for similar equipment. The book value and the fair value of the old equipment were $82,000 and $90,000, respectively.
Alamos Co. exchanged equipment and $18,000 cash for similar equipment. The book value and the fair
value of the old equipment were $82,000 and $90,000, respectively.
Assuming that the exchange lacks commercial substance, Alamos would record a gain/(loss) of
value of the old equipment were $82,000 and $90,000, respectively.
Assuming that the exchange lacks commercial substance, Alamos would record a gain/(loss) of
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment