Business, 19.12.2019 01:31 brittany1903
Dodson company traded in a manual pressing machine for an automated pressing machine and gave $40,000 cash. the old machine cost $465,000 and had a net book value of $355,000. the old machine had a fair value of $300,000. which of the following is the correct journal entry to record the exchange assuming commercial substance a. equipment 68,000
loss on exchange 11,000
accumulated depreciation 22,000
equipment 93,000
cash 8,000
b. equipment 68,000
equipment 60,000
cash 8,000
c. cash 8,000
equipment 60,000
loss on exchange 11,000
accumulated depreciation 22,000
equipment 101,000
d. equipment 123,000
accumulated depreciation 22,000
equipment 93,000
cash 8,000
Answers: 2
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Business, 23.06.2019 07:30
Anew manufacturing technology makes it easier to make the product and causes a shift in the supply curve. what is the new equilibrium point after implementing the new technology? (hint: determine which direction a easier production shifts the supply curve and use that direction to pick the resulting equilibrium point.) $6 and 20,000 $4 and 30,000 $6 and 30,000 $4 and 20,000
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Business, 23.06.2019 12:30
All else held constant, an increase in the price of tablets will result in a
Answers: 1
Dodson company traded in a manual pressing machine for an automated pressing machine and gave $40,00...
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