City Auto Parts recently traded in-store fixtures. The exchange had a commercial substance. The old fixtures had a cost of $52,

Question

3 years ago

13

City Auto Parts recently traded in-store fixtures. The exchange had a commercial substance. The old fixtures had a cost of $52,

000 and accumulated depreciation of $16,000. The city paid $110,000 for the new store fixtures. These new fixtures had a market value of $113,000. There is a loss of $33,000 on this exchange. True or false?

Business

1 answer:

Anna35 [415] · Answer 1 · 2022-02-20T12:25:11+03:00

Anna35 [415]3 years ago

6 0

Answer:

Maybe it was thing something you need to know

Explanation:

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City Auto Parts recently traded in-store fixtures. The exchange had a commercial substance. The old fixtures had a cost of​ $52,

City Auto Parts recently traded in-store fixtures. The exchange had a commercial substance. The old fixtures had a cost of $52,