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Unruh reefrigeration company trades in an old machine on a new model when the fair value of the old machine is greater than its book
Unruh reefrigeration company trades in an old machine on a new model when the fair value of the old machine is greater than its book value. The ttransactions has commercial substance. Should Unruh recognize a gain on disposal of plant asset? if the fair value of the old machine is less than its book value, should unruh recognize a loss on disposal of plant assets?
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