In a transaction that lacked commercial substance, castor company traded computer equipment with pollux company. castor company’s computer had a carrying value of $34,000. in exchange, castor company received pollux company’s computer, which had a fair value of $39,000, and $12,000 in cash. as a result of the exchange, what will castor company record as the computer acquired?
the answer is b. hope this !
the answers are
savings accounts become less desirable because interest earned is lower than inflation
individual purchasing power increases, which results in an increase in demand.