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Question 6 Riverbed Company exchanged equipment used in its manufacturing operations plus $4,020 in cash for similar equipment used in the operations of Marin Company.

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Question 6 Riverbed Company exchanged equipment used in its manufacturing operations plus $4,020 in cash for similar equipment used in the operations of Marin Company. The following information pertains to the exchange. Riverbed Co Marin Co. $37,520 Equipment (cost) $37,520 13,400 Accumulated depreciation 25,460 Fair value of equipment 16,750 20,770 Cash given up 4,020

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