Your answer is incorrect. n a nonmonetary exchange of plant assets, accounting recognition should not be given to a portion of the gain when the exchange has no commercial substance and cash is paid (when the cash paid is less than 25% of the fair value of the exchange). a gain when the exchange has commercial substance. a portion of the gain when the exchange has no commercial substance and cash is received (when the cash received is less than 25% of the fair value of the exchange). a loss when the exchange has no commercial substance. eTextbook and Media Attempts: 1 of 2 used The following information was available from the inventory records of Coronado Company for January: Assuming that Coronado does not maintain perpetual inventory records, what should be the inventory at January 31 , using the weighted-average inventory method? (Round average cost per unit to 3 decimal places, e.g. 1.485.) $56346. $55409. $55285. $55923. Wildhorse Products purchased a machine for $75200 on July 1,2025 . The company intends to depreciate it over 8 years using the double-declining balance method. The salvage value is $5800. Depreciation for 2026 to the closest dollar is $17600.$16450.$9400.$37600. Bonita Co. adopted the dollar-value LIFO inventory method on December 31, 2025. Bonita's entire inventory constitutes a single pool. On December 31, 2025, the inventory was $954000 under the dollar-value LIFO method. Inventory data for 2026 are as follows: Using dollar value LIFO, Bonita's inventory at December 31, 2026 is (Round intermediate calculations and final answer to 0 decimal places, e.g. 10,000.)