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

On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.

Abc factory produces 24,000 units. the cost sheet gives the following information: direct materials rs. 1,20,000direct labour rs. 84,000variable overheads rs. 48,000semi variable overheads rs. 28,000fixed overheads rs. 80,000total cost rs. 3,60,000presently the product is sold at rs. 20 per unit.the management proposes to increase the production by 3,000 units for sales in the foreign market . it is estimated that semi variable overheads will increase by rs. 1,000. but the product will be sold at rs. 14 per unit in the foreign market. however, no additional capital expenditure will be incurredq-1. what is present profit of the company ? q-2. what is proposed profit of the company in new market? q-3.what is suggestion for new makret proposal whether proposal accept or not

Which of the following results in an increase in the standard of living? a. an increase in unemployment pushes down the cost of production. b. wages go up to correct for the inflation of prices. c. income increases, enabling consumers to buy more goods and services. d. rising production costs drive up the price of goods and services.