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Milroe also gave Bond $6,000 in the exchange. Assume depreciation has already been updated. A) Prepare the entries on both companies' books assuming that the

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Milroe also gave Bond $6,000 in the exchange. Assume depreciation has already been updated. A) Prepare the entries on both companies' books assuming that the exchange has commercial substance. B) Prepare the entries on both companies' books assuming that the exchange lacks commercial substance

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