12.On December 1, 2017, Vaughn Manufacturing acquired new equipment in exchange for old equipment that it had acquired in 2014. The old equipment was purchased for $222000 and had a book value of $88270. On the date of the exchange, the old equipment had a fair value of $97000. In addition, Vaughn paid $292000 cash for the new equipment, which had a list price of $392000. The exchange lacked commercial substance. At what amount should Vaughn record the new equipment for financial accounting purposes?

Which of the following best describes how the federal reserve bank banks during a bank run? a. the federal reserve bank has the power to take over a private bank if customers demand too many withdrawals. b. the federal reserve bank can provide a short-term loan to banks to prevent them from running out of money. c. the federal reserve bank regulates exchanges to prevent the demand for withdrawals from rising above the required reserve ratio. d. the federal reserve bank acts as an insurance company that pays customers if their bank fails. 2b2t

Amachine purchased three years ago for $720,000 has a current book value using straight-line depreciation of $400,000: its operating expenses are $60,000 per year. a replacement machine would cost $480,000, have a useful life of nine years, and would require $26,000 per year in operating expenses. it has an expected salvage value of $130,000 after nine years. the current disposal value of the old machine is $170,000: if it is kept 9 more years, its residual value would be $20,000. calculate the total costs in keeping the old machine and purchase a new machine. should the old machine be replaced?

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