Solved The owner of M&N Milling machine exchanged a ...
The other party to the exchange, M Grinding, assumed the liability along along with the machine and transfered a new owner and smaller; Question: The owner of M&N Milling machine exchanged a milling machine used in his business for a new one. M&N Milling Basis in the machine was $20,000 and the owner still owes $6,000 related to the ...