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Requirement 2. Now to change one fact Freedom Bank fool compelled to do business with Mountain Furniture, a bank customer even though the bank can
Requirement 2. Now to change one fact Freedom Bank fool compelled to do business with Mountain Furniture, a bank customer even though the bank can get the futures elsewhere at a better price Freedom Bank is aware that the new futures market value is only $125 000. Record the trade in Assume the exchange had commercial substance Luts bugin by calculating the gain or loss on the exchange of figures (Enter a loss with a minus sign or parentheses) Market value ofreceived 139000 Book value of changed 106000 i Data Table Old fixtures: New fixtures: Cost. 595,000 Cash paid $106.000 Accumulated depreciation, S72000 Market value. $129.000 Print Done ds and then click Check Answer Requirements . e or prid nor 1. Record Freedom Bank's trade-in of old fixtures for new ones. Assume the exchange had commercial substance 2. Now let's change one fact. Freedom Bank feels compelled to do business with Mountain Furniture, a bank customer, even though the bank can get the fixtures elsewhere at a better price. Freedom Bank is aware that the new fixtures' market value is only $125.000. Record the trade-in. Assume the exchange had commercial substance ged Print Done Tields and then click Check
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