subject
Business, 06.07.2021 23:00 BluHope19

A machine cost $1320000, has annual depreciation of $220000, and has accumulated depreciation of $1045000 on December 31, 2020. On April 1, 2021, when the machine has a fair value of $302500, it is exchanged for a machine with a fair value of $1485000 and the proper amount of cash is paid. The exchange had commercial substance. The gain to be recorded on the exchange is

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 17:10
American gas products manufactures a device called a can-emitor that empties the contents of old aerosol cans in 2 to 3 seconds. this eliminates having to dispose of the cans as hazardous wastes. if a certain paint company can save $75,000 per year in waste disposal costs, how much could the company afford to spend now on the can-emitor if it wants to recover its investment in 3 years at an interest rate of 20% per year?
Answers: 1
question
Business, 22.06.2019 11:10
Robert black, regional manager for ford in texas and oklahoma, faced a dilemma. the ford f-150 pickup truck was the best-selling pickup ever, yet ford's headquarters in detroit had decided to introduce a completely redesigned f-150. how could mr. black sell both trucks at the same time? he still had "old" f-150s in stock. in his advertising, mr. black referred to the new f-150s as follows: "not a better f-150. just the only truck good enough to be the next f-150." this statement represents ford's of the new f-150.
Answers: 2
question
Business, 22.06.2019 20:30
Contrast two economies that transitioned to capitalism and explain what factors affected the ease kf their transition as welas the “face” of capitalism that each has adopted
Answers: 2
question
Business, 22.06.2019 22:20
Who owns a renter-occupied apartment? a. the government b. a landlord c. the resident d. a cooperative
Answers: 1
You know the right answer?
A machine cost $1320000, has annual depreciation of $220000, and has accumulated depreciation of $10...
Questions
question
Mathematics, 12.01.2021 03:00
question
Chemistry, 12.01.2021 03:00
question
Social Studies, 12.01.2021 03:00
question
Mathematics, 12.01.2021 03:00
question
History, 12.01.2021 03:00
Questions on the website: 13722362