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meghna
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Posted: 16 Apr 2010 at 13:16 \| IP Logged

hii..so old truck valued at book value and new truck valued at fair value...

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anotheraspirant
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Posted: 16 Apr 2010 at 15:03 \| IP Logged

Wow..I dont think wiley even mentions about this 25% concept...so if it is 25% or more,the whole gain is recognised?

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venchlu
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Joined: 18 Aug 2009
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Posted: 16 Apr 2010 at 15:06 \| IP Logged

Wow..I dont think wiley even mentions about this 25% concept...so if it is 25% or more,the whole gain is recognised?

Yes

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meghna
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Posted: 16 Apr 2010 at 15:49 \| IP Logged

u r right another aspirant..

I am registerd wiley student but this one is from gliem...

Thing is I was gonna take exam this week but soemhpw started doin gliem qns and post -poned my exam date..So glad I did it.Questions are really difficuilt in gliem.

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anotheraspirant
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Posted: 16 Apr 2010 at 17:45 \| IP Logged

I have my exam on monday...been studying so long that I just want to get it over with....Im glad that I came to know about this ' 25% thing' at least now!so thanks for posting this question Meghna.

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