Company X Has a Machine with a Book Value of $10,000

question 123

Multiple Choice

Company X has a machine with a book value of $10,000 and a fair value of $15,000. Company Y has a machine with a book value of $16,000 and a fair value of $14,000. Company X and Y exchange machines. In addition, Company X gives $1,000 to Company Y as a result of the exchange. The transaction is deemed to have commercial substance and the fair value measurement of the assets are equally reliable. Company X would record the machine acquired from Company Y at:

• A) $10,000.
• B) $14,000.
• C) $15,000.
• D) $16,000.

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Definitions:

Male Workers

Refers to the segment of the workforce that is composed of males, often analyzed in studies related to labor and employment.

Median Age

The age that divides a population into two numerically equal groups; half the people are younger than this age and half are older.

Nearest Year

A time measurement rounding to the closest year, often used in demographic or historical data to simplify representations.

Workshop Participants

Individuals who attend a workshop, which is a brief, intensive course focused on teaching specific skills or knowledge.