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Equipment that cost $66,000 and has accumulated depreciation of $30,000 is exchanged for equipment with a fair value of $48,000 and $12,000 cash is received.The exchange lacked commercial substance.
-The new equipment should be recorded at
Self-Regulation
The ability of an individual to manage their thoughts, emotions, and behaviors to achieve long-term goals.
Observational Learning
A learning process through which individuals acquire new behaviors or knowledge by watching and imitating others.
Reproduction
The biological process by which new individual organisms are produced by their parents.
Reinforcement
A process in learning theory used to encourage or establish a desired behavior by offering rewards or consequences.
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