Question

recul
car X with a book value of 13,00,000 and a fair value of 13,25,000
X.) Therefore, it
ILLUSTRATION Exchange of assets that lack commercial substance)
less the cash receivcu
lacks commercial substance as the company's cash flows are not expected to change as
for cash of 15,000 and car Y which has a fair value of 13,10,000. The transaction
Dresult of the exchange. It is in the same position as it was before the transaction. What
given - BL - 15,000
Entity A exchanges
will be the measurement cost of the assets received?​

Answer 1

Answer:

jyrxjyjryjdyrd

Explanation:

fodiyrdoykdkkhggkhrx

Answer 2

Answer:

car Y a/c Dr. 1300000

To car X a/c 1285000

To cash a/c 150000