Business, 30.07.2019 22:30 liddopiink1

Isle co. owned a copy machine that cost $5,000 and had accumulated depreciation of $2,000. isle exchanged the copy machine for a computer that cost $4,000. isle's future cash flows are not expected to change significantly as a result of the exchange. what amount of gain or loss should isle report and at what amount should it record the asset?

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Isle co. owned a copy machine that cost $5,000 and had accumulated depreciation of $2,000. isle exch...