Current Attempt in Progress

Presented below are two independent transactions. Both transactions have commercial substance.

Bramble Co$.$ exchanged old trucks $($cost $$62,200$ less $$20,2$ accumulated depreciation$)$ plus cash of $$17,200$ for new trucks. The old trucks had a fair value of $$36,800.$

Splish Brothers Inc. trades its used machine $($cost $$12,540$ less $$4,180$ accumulated depreciation$)$ for a new machine. In addition to exchanging the old machine $($which had a fair value of $$11,360),$ Splish Brothers also paid cash of $$2,800.$