VI. Ramirez Company exchanges it old equipment plus $6,000 in cash for a new equipment. Thefollowing information pertains to the exchange. The old equipment is with a cost of $84,000 andaccumulated depreciation of $57,000. The fair value of the new equipment is of $46,500. INSTRUCTIONS: Under the following independent assumption, for Ramirez Company to record theexchange, compute (a) the carrying amount of the new equipment and(b) the gain or loss on disposal ofequipment.
【題組】1. Assuming the exchange has commercial substance.