ASC 845 Gain LCS Cash Received more 25% استبدال الموجودات الثابتة

FASB ASC 845
APB Opinion 29, May 1973
"Accounting for Nonmonetary Transactions"

SFAS 153, December 2004
"Exchanges of Nonmonetary Assets
an amendment of APB Opinion No. 29"

The Rule
1. Compute the total gain or loss on the transaction.
3. If a gain is computed in Step 1,
(b) and the exchange lacks commercial substance,
(3) and some cash is received, and
If the amount of cash exchanged is more than 25%
of the fair value of the asset received,
then recognize entire gain.

ASC 845,APB 29,SFAS 153,Exchange of nonmonetary Assets,Commercial Substance,Lack Commercial Substance,Gain,Loss,Cash Paid,Cash Received,No Cash,less than 25%,More than 25%,defer gain,recognize gain,