ABC exchanged cash of $250 and a machine with a carrying value of $1363 and a fair

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ABC exchanged cash of $250 and a machine with a carrying value of $1363 and a fair value of $3674 for a machine. The exchange has commercial substance. At what amount should ABC record the machine it received for?

Posted Date: May 18, 2024 09:09 AM

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ABC exchanged cash of $250 and a machine with a carrying value of $1363 and a fair

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