Accountancy, asked by menakshi2424, 1 year ago

In a nonmonetary exchange of equipment, if the exchange has commercial substance, a gain is recognized if:

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Answered by khushiisingh

0

in confusion...explainn??

Answered by barani79530

0

Explanation:

Question: 4) In A Nonmonetary Exchange Of Equipment, If The Exchange Has Commercial Substance, A Gain Is Recognized If: 1. A) The Fair Value Of The Equipment Received Exceeds The Book Value Of The Equipment Received. ... The Book Value Of The Equipment Received Exceeds The Fair Value Of The Equipment Given Up

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