Business, 06.09.2019 04:30 joseenrique02

Acompany exchanged land with an appraised value of $50,000 and an original cost of $20,000 for machinery with a fair value of $55,000. assuming that the transaction has commercial substance, what is the gain on the exchange?

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Acompany exchanged land with an appraised value of $50,000 and an original cost of $20,000 for machi...