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Exercise 10-19 Teal Company exchanged equipment used in its manufacturing operations plus $4,260 in cash for similar equipment used in the operations of Fint Company.

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Exercise 10-19 Teal Company exchanged equipment used in its manufacturing operations plus $4,260 in cash for similar equipment used in the operations of Fint Company. The folowing information pertains to the exchange. Teal Co.PlintCo Flint Co. Equipment (cost) Accumulated depreciation Fair value of equipment $39,760 26,980 17,750 4,260 $39,760 14,200 22,010 dy Cash given up

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