Question

See only given
Entity A exchanges car X with a book value of * 13,00,000 and a fair value of 13,25,000
for cash of * 15,000 and car Y which has a fair value of 13,10,000. The transaction
lacks commercial substance as the company's cash flows are not expected to change as
a result of the exchange. It is in the same position as it was before the transaction. What
will be the measurement cost of the assets received?​

Answer 1

Answer:

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Explanation:

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