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Score: 0 of 33 pts 1 of 3 (0 complete) HW Score: 0%, 0 of 100 p E9A-28 (similar to) Question Help Freedom Bank recently

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Score: 0 of 33 pts 1 of 3 (0 complete) HW Score: 0%, 0 of 100 p E9A-28 (similar to) Question Help Freedom Bank recently traded in office fixtures. Here are the facts: (Click the icon to view the facts.) Read the requirements. Requirement 1. Record Freedom Bank's trade-in of old fixtures for new ones. Assume the exchange had commercial substance. Let's begin by calculating the gain or loss on the exchange of fixtures. (Enter "O" for items with a zero value.) Market value of assets received Less: Book value of asset exchanged Cash paid Gain or (Loss) Data Table Old fixtures: New fixtures: Enter any Cost, $94.000 Accumulated depreciation, $72,000 Cash paid, $106,000 Market value, $128,000 3 parts remaini

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