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Indigo Company exchanged equipment used in its manufacturing operations plus $3,120 In cash for similar equipment used in the operations of Sweet Company. The following

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Indigo Company exchanged equipment used in its manufacturing operations plus $3,120 In cash for similar equipment used in the operations of Sweet Company. The following information pertains to the exchange. Indigo Co. $29,120 19.760 Sweet Co $29,120 10,400 Equipment (cost) Accumulated depreciation Fair value of equipment Cash given up 13,000 16,120 3.120 Indigo Company 1020 occulted preciou Eur LE Sweet Company 3120 Acconciation Comment To 3120 3660 20190

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