Question: O 31:51 Hide Timer Question 25 12 View Policies Current Attempt in Progress Bramble Corp. traded machinery with a book value of $768500 and a
O 31:51 Hide Timer Question 25 12 View Policies Current Attempt in Progress Bramble Corp. traded machinery with a book value of $768500 and a fair value of $725000, It received in exchange from Blossom Company a machine with a fair value of $827000. Bramble also paid cash of $82700 in the exchange. Blossom's machine has a book value of $768500. What amount of gain or loss should Bramble recognize on the exchange (assuming lack of commercial substance)? $43500 loss $4350 loss $82700 gain OS-0- Attempts: 0 of 1 used
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