Equipment with an estimated fair value of $25,000 is acquired by issuing 1,000 common shares. How should

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Equipment with an estimated fair value of $25,000 is acquired by issuing 1,000 common shares. How should this transaction be recorded? Include in your explanation how this might be different for a company following IFRS or ASPE.
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Accounting Principles Part 3

ISBN: 978-1118306802

6th Canadian edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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