Winnie Pooh exchanged his Honey Pot equipment with Gary, Gary had to pay $1,600 to Pooh. Pooh's equipment cost $16,000, had a book vlue of $6,500, and a FMV of $7.000. Gary's honey equipment had a cost of $15,000, had a book vlaue of $5,000, and a FMV of $6,000. The exchange Gary hopes will give his honey a more uplifting energy component, which he has been needing lately. At what amount should Gary record his Honey Pot equipment from Pooh in this dealer to dealer exchange? Donald Duck exchanged his speed boat for Goofy's truck in a dealer to dealer exchange. Goofy's truck cost $12,400 and has accumulated depreciation of $8,400, and FMV of $7,000. Donald's boat cost $15,000, has a book value of $9,000 but because he ran it aground one too many times, it has a FMV of $6,500. Goofy says who cares. " I'd rather glide than fly anytime! How should Goofy record his new speed boat? a) 8400 a) 6600 b) 9000 b) 7600 c) 5000 c) 4000 d) 8100 d) 7000 Scrooge exchanged his old business auto at Bob's Auto Dealership. Scrooge wanted to show that he had no hard feelings for Bob leaving his business to start out on his own. Scrooge's old auto cost $32.000 and had a book value of $20,000, and a FMV of $ 23,000. He could have paid cash of $40,000 and not traded his auto in He decided that he would trade and paid Bob $24,000 and his old auto. The new auto listed for $14,000. What amount of loss or gain did Scrooge have upon his trade in with Bob? Dana loves to explain how to record plant assets when meeting in a group wtih Travis. To test Travis, he uses the following problem and wants Travis to tell him how much the indicated gain was for Elizabeth in this dealer to dealer exchange. Elizabeth exchanged her equipment costing $ 30,000, book value $ 16,000, FMV $ 18,000 for equipment from Dana costing $ $32,000, book value $ 14,000, and FMV of 15,000. Dana had to pay Elizabeth $ 3,000 in the exchange a) a) 2000 b) 4000 b) 3000 O 1000 c) 3000 d) 1000 d) 0