Answered You can hire a professional tutor to get the answer.

QUESTION

A machine cost $1209000, has annual depreciation of $200000, and has accumulated depreciation of $958000 an December 31, 201?

I need immediate help, please help me with this. thank you.

  • Attachment 1
  • Attachment 2
A machine cost $1209000, has annual depreciation of $200000, and has accumulated depreciation of $958000 an December 31, 201?. on April 1r 2013, when the machine has a fair value of$270000, it is exchanged for a machine with a fair value of $134900!) and the proper amount of cash is paid. The exchange had commercial substance. The gain to be recorded on the exchange is $69000s0$51000 $140000
Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question