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Question 9 Sarasota Company exchanged equipment used in its manufacturing operations plus $ 4,260 in cash for similar equipment used in the operations of Ivanhoe

Question 9 Sarasota Company exchanged equipment used in its manufacturing operations plus $ 4,260 in cash for similar equipment used in the operations of Ivanhoe Company. The following information pertains to the exchange. Equipment (cost) Accumulated depreciation Fair value of equipment Cash given up Sarasota Co. Ivanhoe Co. $39,760 $39,760 14,200 22.010 26,980 17,750 4,260

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