Business, 28.11.2019 00:31 kelly1027

Cedric company recently traded in an older model of equipment for a new model. the old model’s book value was $334,000 (original cost of $694,000 less $360,000 in accumulated depreciation) and its fair value of the old equipment is $310,000. cedric paid $74,000 to complete the exchange which has commercial substance. required:
prepare the journal entry to record the exchange. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 19:40

Your mother's well-diversified portfolio has an expected return of 12.0% and a beta of 1.20. she is in the process of buying 100 shares of safety corp. at $10 a share and adding it to her portfolio. safety has an expected return of 15.0% and a beta of 2.00. the total value of your current portfolio is $9,000. what will the expected return and beta on the portfolio be after the purchase of the safety stock?

Answers: 3

Answer

Business, 22.06.2019 06:00

List three careers that require knowledge of science. list three careers that require the use of of math. list three careers that require the use of foreign language. list three careers that require the use of good writing skills. list three careers that require the use of good computer skills.

Answers: 3

Answer

Business, 22.06.2019 10:50

Suppose that a firm is considering moving from a batch process to an assembly-line process to better meet evolving market needs. what concerns might the following functions have about this proposed process change: marketing, finance, human resources, accounting, and information systems?

Answers: 2

Answer

Business, 22.06.2019 23:30

An outside supplier has offered to sell talbot similar wheels for $1.25 per wheel. if the wheels are purchased from the outside supplier, $15,000 of annual fixed overhead could be avoided and the facilities now being used could be rented to another company for $45,000 per year. direct labor is a variable cost. if talbot chooses to buy the wheel from the outside supplier, then annual net operating income would:

Answers: 1

Answer

You know the right answer?

Cedric company recently traded in an older model of equipment for a new model. the old model’s book...

Questions