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At what amount should krista record the office equipment

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Question - Krystina exchanged her office equipment for Krista's office equipment.   Krystina's office equipment cost $20,000, book value $12,000, and FMV of $13,200.  Krista's office equipment cost $28,500, book value of $13,000, and FMV of $14,500.  Krystina paid boot to Krista in the amount of $2,500. At what amount should Krista record the office equipment she acquired from Krystina?

Reference no: EM131724056

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