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Nonmonetary Asset Exchanges O O O X and Y exchange buildings / no commercial substance In addition, Y pays X $2,125 Information on building surrendered

Nonmonetary Asset Exchanges O O O X and Y exchange buildings / no commercial substance In addition, Y pays X $2,125 Information on building surrendered by each company: Historical cost Accumulated depreciation. Fair value BV Company X $56,750 16,385 42,500 Company Y $62,590 19,725 40,375 $2,125

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