Business, 12.02.2021 14:00 coylenoah0

Bramble Corp. received $93000 in cash and a used computer with a fair value of $348000 from Blossom Company for Bramble Corp.'s existing computer having a fair value of $441000 and an undepreciated cost of $413400 recorded on its books. The transaction has no commercial substance. How much gain should Bramble recognize on this exchange, and at what amount should the acquired computer be recorded, respectively

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Bramble Corp. received $93000 in cash and a used computer with a fair value of $348000 from Blossom...

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