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    Accounting Principles
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    Exam 10: Plant Assets, Natural Resources, and Intangible Assets
  5. Question
    Gains on an Exchange of Plant Assets That Has Commercial
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Gains on an Exchange of Plant Assets That Has Commercial

Question 139

Question 139

Multiple Choice

Gains on an exchange of plant assets that has commercial substance are


A) deducted from the cost of the new asset acquired.
B) deferred.
C) not possible.
D) recognized immediately.

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