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answer both quastions Below are listed data relative to an exchange of equipment by Laila Co. Assume the exchange has commercial substance. Old Equipment Cash
answer both quastions 
Below are listed data relative to an exchange of equipment by Laila Co. Assume the exchange has commercial substance. Old Equipment Cash Book Value Fair Value Received $75,000 $80,000 $12,000 $60,000 $56,000 $10,000 Case A Case B In Case A, What Laila would record the new equipment at? QUESTION 5 Below are listed data relative to an exchange of equipment by Laila Co. Assume the exchange has commercial substance Old Equipment Cash Book Value Fur Value Received $75,000 $80,000 $12.000 $60,000 $56,000 $10,000 Case A Case B In Case B, What Laila would record a gain/(loss) of
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Physics
Authors: James S. Walker
5th edition
978-0133498493, 9780321909107, 133498492, 0321909100, 978-0321976444
