Current Attempt in Progress

Ivanhoe Corporation wishes to exchange a machine used in its operations. Ivanhoe has received the following offers from other companies in the industry.

1.		Shamrock Company offered to exchange a similar machine plus $28,520. (The exchange has commercial substance for both parties.)
2.		Bridgeport Company offered to exchange a similar machine. (The exchange lacks commercial substance for both parties.)
3.		Indigo Company offered to exchange a similar machine, but wanted $3,720 in addition to Ivanhoes machine. (The exchange has commercial substance for both parties.)

In addition, Ivanhoe contacted Sweet Corporation, a dealer in machines. To obtain a new machine, Ivanhoe must pay $115,320 in addition to trading in its old machine.

		Ivanhoe		Shamrock		Bridgeport		Indigo		Sweet
Machine cost		$198,400		$148,800		$188,480		$198,400		$161,200
Accumulated depreciation		74,400		55,800		88,040		93,000		0
Fair value		114,080		85,560		114,080		117,800		229,400

1. Ivanhoe Corporation

Shamrock Company

2.

Ivanhoe Corporation

Bridgeport Company

3.

Ivanhoe Corporation

Indigo Company

4.

Ivanhoe Corporation

Sweet Company