Property, Plant, And Equipment Nonmonetary Exchange (Gain/Loss Decision Rules) скачать в хорошем качестве

Property, Plant, And Equipment Nonmonetary Exchange (Gain/Loss Decision Rules)

Accounting for exchanges of nonmonetary assets (long term assets, fixed assets as property, plant and equipment), decision table for summary for accounting requirements for recognizing gains and losses on exchanges of nonmonetary assets, example would be for Corp-A trading in old machine for a new machine or where Corp-A and Corp-B exchange machines, may require cash given or cash received, Exchange of Nonmonetary Assets (Gain/Loss Recognition): (1) Compute total Gain or Loss asset given up: (Fair value - book value) = Gain or Loss, (2) If Loss (recognize entire Loss), or(3) If Gain: (a) Yes commercial substance (recognize entire Gain), (b) No commercial substance: (1) No cash involved (No Gain recognized), (2) Some cash given (No Gain recognized), (3) Some cash received (Portion of Gain recognized): (cash receivded boot/cash received + other assets received) x gain = portion of gain recognized, if cash exchanged greater than 25 percent fair value of exchange recognize entire gain, details by Allen Mursau