Solution-How much gain or loss should dodirty record for

How much gain or loss should dodirty record for the exchange

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Reference no: EM132800759

Question - DoDirty Company exchanged its blue van with the red van of The Bold Sea Nash Corporation. The vans are of the same model and age.

	DoDirty	The Bold Sea Nash
Cost	500,000	800,000
Accumulated Depreciation	200,000	350,000
Fair Value	280,000	460,000

Required -

1. How much gain or loss should DoDirty record for the exchange?

2. How much gain or loss should The Bold Sea Nash record for the exchange?

Reference no: EM132800759

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How much gain or loss should dodirty record for the exchange : DoDirty Company exchanged its blue van with the red van of The Bold Sea Nash Corporation. How much gain or loss should DoDirty record for the exchange

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How much gain or loss should dodirty record for the exchange

Reference no: EM132800759

Reference no: EM132800759

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