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When trading operational assets with another firm: The seller recognizes a gain or loss for the difference between the book value and the fair value

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When trading operational assets with another firm: The seller recognizes a gain or loss for the difference between the book value and the fair value of the asset sold The seller never recognizes losses nor gains The seller recognizes a gain or loss for the difference between the book value and the fair value of the asset received The seller recognizes losses, but not gains 19 1.5 points to coarch BE

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