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ElenaW [278]
3 years ago
14

Henry Company traded in an old delivery truck for a new one. The old truck had a cost of $78,000 and accumulated depreciation of

$44,000. The new truck had an invoice price of $122,000. Henry was given a $12,000 trade-in allowance on the old truck, which meant they paid $110,000 in addition to the old truck to acquire the new truck. What is the recorded value of the new truck
Business
1 answer:
babymother [125]3 years ago
6 0

Answer:

The new truck will enter the account with the invoice value.

new truck 122,000

ac dep old truck 44,000

loss on trade 22,000

Cash 110,000

Old Truck 78,000

Explanation:

Old truck 78,000

acc depreciation 44,000

net-book value 34,000

trade-in allowance 12,000

loss on trade 22,000

The new truck will enter the account with the invoice value.

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Answer:

The fraud was discovered Option D: The operations manager found a check made payable to Phillips while searching Phillips' desk for some accounting records.

Explanation:

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8 0
3 years ago
If the monetary authorities decide to increase the nominal money supply by 10% when the economy is at its full employment level
Norma-Jean [14]

Answer:

  • 10%
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Explanation:

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