Buffalo Company exchanged equipment used in its manufacturing operations plus $3,180 in cash for similar equipment used in the operations of Carla Company. The following information pertains to the exchange. Carla Co. Equipment (cost) Accumulated depreciation Fair value of equipment Cash given up Buffalo Co. $29,680 20,140 13,250 3,180 $29.680 10.600 16,430 Buffalo Company exchanged equipment used in its manufacturing operations plus $3,180 in cash for similar equipment used in the operations of Carla Company. The following information pertains to the exchange. Carla Co. Equipment (cost) Accumulated depreciation Fair value of equipment Cash given up Buffalo Co. $29,680 20,140 13,250 3,180 $29.680 10.600 16,430