Business, 15.04.2020 03:52 Levantine2643

On September 3, 2018, the Robers Company exchanged equipment with Phifer Corporation. The facts of the exchange are as follows:

Robers’ Asset Phifer’s Asset
Original cost $ 145,000 $ 165,000
Accumulated depreciation 75,000 83,000
Fair value 82,500 72,500
To equalize the exchange, Phifer paid Robers $10,000 in cash.

Record the exchange for both Robers and Phifer.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 16:40

Job applications give employers uniform information for all employees,making it easier to

Answers: 1

Answer

Business, 22.06.2019 17:00

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak

Answers: 2

Answer

Business, 23.06.2019 02:20

Which one of the following is not a typical current liability? a. interest payable b. current maturities of long-term debt c. salaries payable d. mortgages payable

Answers: 3

Answer

Business, 23.06.2019 03:30

What does the term "smalling up" mean, according to white? what ways have you or people you know had to "small up"? if you haven't, what ways could you?

Answers: 2

Answer

You know the right answer?

On September 3, 2018, the Robers Company exchanged equipment with Phifer Corporation. The facts of t...

Questions