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I Dunno What de Puck Is This2010-06-06 - 1901 I Do03 - Edmomd
I Dunno What de Puck Is This2010-06-06 - 1901 I Do03 - Edmomd
Commercial Substance
Edmond
Machinery....................................... 1,695,000
Cash.................................................
60,000
Accum. Depreciation
Machinery................................... 1,350,000
Gain on Exchange of
Plant Assets...................
405,000
Machinery........................
2,700,000
Rosen
Machinery....................................... 1,755,000
Accum. Depreciation
Machinery................................... 1,782,000
Gain on Exchange of
Plant Assets...................
237,000
Machinery........................
3,240,000
Cash..................................
60,000
(b)
Cost
A/D
BV
FV
Gain
$2,700,000
1,350,000
1,350,000
1,755,000
$ 405,000
Cost
A/D
BV
FV
Gain
$3,240,000
1,782,000
1,458,000
1,695,000
$ 237,000
No Commercial Substance
Edmond
Machinery...................................................................................... 1,303,846
Cash...............................................................................................
60,000
Accumulated DeprecationMachinery........................................ 1,350,000
Gain on Exchange..........................................................
Machinery.......................................................................
2,700,000
13,846
60,000