Question: D Question 6 6 pts Question 5 2 Question 6 Question 7 On January 2, 2020, Yadkin Corp. replaced its old boiler with a more

 D Question 6 6 pts Question 5 2 Question 6 Question

7 On January 2, 2020, Yadkin Corp. replaced its old boiler with

D Question 6 6 pts Question 5 2 Question 6 Question 7 On January 2, 2020, Yadkin Corp. replaced its old boiler with a more efficient one. The following information was available on Question 8 that date: Time Running: Hide Attempt due: Oct 29 at 12:32pm 44 Minutes, 44 Seconds Purchase price of new boiler $100,000 Carrying amount (BV) of old boiler 10,000 Fair value of old boiler 20,000 Cash paid to (received from) the owner of the new boiler Installation cost of new boiler 20,000 Required: Please only write the amount; if your answer is a loss and/or a cash received put the amount in parenthesis, for example, (2,000). Assuming that the transaction lacks commercial substance, The total gain or (loss) on the exchange is $ the cash paid to (received from) the owner of the new boiler is $ Yadkin will record the new boiler at $ and recognize a gain (loss) on exchange of MacBook Pro 89

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