Saved Question 9 (1 point) When an exchange has commercial substance and the company receives some cash... gains or losses are recognized in their entirety. o..a gain or loss is computed by comparing the fair value of the asset received with the fair value of the asset given up. ...only gains should be recognized. ..only losses should be recognized. Question 10 (1 point) On 5/1 a company decides to replace their computers. The old computers have a historical cost of $9,000 and, on 5/1, accumulated depreciation of $7,800. The new computers cost $13,400, paid in cash immedi iately. The company manages to sell a few components of the old computers to several independent hardware stores for $700, received on the same day. Which of the following is true? A loss is debited for $500 The net gain on the transaction is $700 Accumulated Depreciation is credited for $7,800 The book value of the new computers is $12.700