Question
Below is information relative to an exchange of equipment by Pensacola Inc. Assume the exchange has commercial substance. Old Equipment Book Value Old Equipment Fair
Below is information relative to an exchange of equipment by Pensacola Inc. Assume the exchange has commercial substance.
|
| Old Equipment Book Value | Old Equipment Fair Value | Cash Received |
| Case A | $75,000 | $80,000 | $12,000 |
| Case B | $60.000 | $56,000 | $10,000 |
ECOM
dock 13
rations
In Case B, Pensacola would record a gain/lloss) of.
O $4,000.
0 (54,000.
O ($10,000)
O None of these answer choices are correct.
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Budgeting And Financial Management For Nonprofit Organizations Using Money To Drive Mission Success
Authors: Lynne A. Weikart, Greg G. Chen, Edward M. Sermier
1st Edition
1608716937, 978-1608716937
