Multiple Choice
A company decides to exchange its old machine and ¥1,540,000 cash for a new machine. The old machine has a book value of ¥1,260,000 and a fair value of ¥1,400,000 on the date of the exchange. The cost of the new machine would be recorded at
A) ¥2,800,000.
B) ¥2,940,000.
C) ¥2,660,000.
D) cannot be determined.
Correct Answer:
Verified
Correct Answer:
Verified
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