In illustration 7 I understood that if the transaction lacks commercial substance its measured at BOOK VALUE of assets given up. But what makes us deduct the cash recieved was by doubt.
Two assets received in return for one asset given up.
cash and new car.
So is it right to say the cash and car together should amount to 13 L and as cash having a commercial value of 15k and the Balance will be for the other asset.
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