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mariely
Oct 27, 2009, 04:17 PM
I need help with an exercise of accounting is about Exchange of Assets The Goodman company acquiered a truck from the Harmes Company in exchange for a Machine. The machine cost $30,000, has a book value of $6,000, and has a market value of $9,00. The truck has a cost of $12, 000 and a book value of $8,000 on Harmes books. Neither company is a dealer.