Equipment that cost $387,400 and has accumulated depreciation of $312,900 is exchanged for equipment with a fair value of $160,000 and $40,000 cash is received. the exchange lacked commercial substance.
a) calculate the gain to be recognized from the exchange.

Gain on Disposal 25,100

Explanation:

book value

cost- accumulated depreciation

387,400 - 312,900 = 74,500

trade-in:

          equipment   160,000

         cash                40,000  

        total               200,000

gain 200,000 - 74,500 =       125,500

As it lack commercial substance we recognize gain for the portion of cash received doing cross multiplication

200,00 --> generates 125,500 gain

  40,000 --> generates X gain

40,000/200,000 x 125,500 = 25,100

employers prefer to hire ingenious, resourceful people because ingenious people may be more liable to engage in unethical deportment as they can cerebrate outside of the box

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.