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if a fixed asset with a book value of $10000is traded for similar fixed asset, a trade in allowance of $15000 is granted by the
if a fixed asset with a book value of $10000is traded for similar fixed asset, a trade in allowance of $15000 is granted by the seller , and the transactions is deemed to have commecial substance , the buyer would report again in exchange of fixed assets of $5000. True or False?
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