Business, 30.11.2019 05:31 krystinayagel013

Cannondale company purchased an electric wax melter on april 30, 2020, by trading in its old gas model and paying the balance in cash. the following data relate to the purchase. list price of new melter $15,800 cash paid 10,000 cost of old melter (5-year life, $700 salvage value) 11,200 accumulated depreciation-old melter (straight-line) 6,300 secondhand fair value of old melter 5,200 prepare the journal entries necessary to record this exchange, assuming that the exchange (a) has commercial substance, and (b) lacks commercial substance. cannondale’s fiscal year ends on december 31, and depreciation has been recorded through december 31, 2019.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 22:50

The winston company estimates that the factory overhead for the following year will be $1,250,000. the company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. the total machine hours for the year were 54,300. the actual factory overhead for the year were $1,375,000. determine the over- or underapplied amount for the year.

Answers: 1

Answer

Business, 22.06.2019 00:40

Eileen's elegant earrings produces pairs of earrings for its mail order catalogue business. each pair is shipped in a separate box. she rents a small room for $150 a week in the downtown business district that serves as her factory. she can hire workers for $275 a week. there are no implicit costs. what is the marginal product of the second worker?

Answers: 3

Answer

Business, 22.06.2019 08:30

In risk management, what does risk control include? a. risk identification b. risk analysis c. risk prioritization d. risk management planning e. risk elimination need this answer now : (

Answers: 3

Answer

Business, 22.06.2019 18:10

Consumers who participate in the sharing economy seem willing to interact with total strangers. despite safety and privacy concerns, what do you think is the long-term outlook for this change in the way we think about interacting with people whom we don't know? how can businesses to diminish worries some people may have about these practices?

Answers: 1

Answer

You know the right answer?

Cannondale company purchased an electric wax melter on april 30, 2020, by trading in its old gas mod...

Questions