InvestmentsinNoncurrentOperatingAssets—UtilizationandRetirement幻灯片.pptVIP

When an operating asset is acquired in exchange for another nonmonetary asset, the new asset acquired is generally recorded at its fair market value or the fair value of the nonmonetary asset given in exchange. Asset Retirement by Exchange for Other Nonmonetary Assets A machine that cost $83,600 and has accumulated depreciation of $54,780 is exchanged for delivery equipment that has a fair market value of $43,600. Delivery Equipment 43,600 Accumulated Depreciation—Machinery 54,780 Machinery 83,600 Gain on Exchange of Machinery 14,780 Asset Retirement by Exchange for Other Nonmonetar