liyahlanderson9422 liyahlanderson9422

03-09-2018
Business

contestada

Amble, inc., exchanged a truck with a carrying amount of $12,000 and a fair value of $20,000 for another truck and $5,000 cash. the fair value of the truck received was $15,000. the exchange was not considered to have commercial substance. at what amount should amble record the truck received in the exchange?

Respuesta :

happy0008 happy0008

08-09-2018

the answer is 15,000

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