requiremnt 2

Question Help W E9A-28 (similar to) Freedom Bank recently traded in office fixtures. Here are the facts: Click the icon to view the facts.) Read the requirements Fixtures (new) Accumulated Depreciation--Fixtures Fixtures (old) Cash 128,000 72,000 94,000 106,000 Exchanged old fixtures and cash for new fixtures. Requirement 2. Now let's change one fact. Freedom Bank feels compelled to do business with Elm 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 $126,000. Record the trade-in. Assume the exchange had commercial substance. Let's begin by calculating the gain or loss on the exchange of fixtures, (Enter a loss with a minus sign or parentheses.) Market value of assets received Less: Enter any number in the edit fields and then click Check Answer. 1 part remaining Clear All Final Check 2 Aa Question Help W E9A-28 (similar to) Freedom Bank recently traded in office fixtures. Here are the facts: Click the icon to view the facts.) Read the requirements Fixtures (new) Accumulated Depreciation--Fixtures Fixtures (old) Cash 128,000 72,000 94,000 106,000 Exchanged old fixtures and cash for new fixtures. Requirement 2. Now let's change one fact. Freedom Bank feels compelled to do business with Elm 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 $126,000. Record the trade-in. Assume the exchange had commercial substance. Let's begin by calculating the gain or loss on the exchange of fixtures, (Enter a loss with a minus sign or parentheses.) Market value of assets received Less: Enter any number in the edit fields and then click Check Answer. 1 part remaining Clear All Final Check 2 Aa