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ICE Princess25 [194]
3 years ago
9

Hardin Company received $120,000 in cash and a used computer with a fair value of $360,000 from Page Corporation for Hardin Comp

any's existing computer having a fair value of $480,000 and an undepreciated cost of $450,000 recorded on its books. The transaction has no commercial substance. How much gain should Hardin recognize on this exchange, and at what amount should the acquired computer be recorded, respectively?
Business
1 answer:
san4es73 [151]3 years ago
3 0

Answer:

$30,000 and $360,000

Explanation:

The computation of the gain on the exchange is shown below:

= Cash received + fair value of the computer  -  undepreciated cost of existing computer

= $120,000 + $360,000 - $450,000

= $30,000

The amount of the computer which is recorded will equal to the fair value of the computer i.e $360,000

For computing the gain we simply added the fair value and deduct the undepreciated cost of an existing computer in the cash received amount so that the accurate amount can come.  

All other information which is given is not relevant. Hence, ignored it

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You've got your budget, credit history and saving in order. whats your next step before shopping for a home?
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Explanation:

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aliya0001 [1]

Answer:

a) legal promise to repay a debt.

Explanation:

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3 years ago
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When a data analyst identifies and classifies keywords from customer reviews to improve customer satisfaction, this is an example of categorizing things.

<h3>What is data?</h3>

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<h3>Who is a data analyst?</h3>

A data analyst can be defined as an expert or professional who is saddled with the responsibility of inspecting, transforming, analyzing, and modelling data with the sole aim of discovering useful information, providing insights, and creating informed conclusions, so as to support decision-making.

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In this context, we can infer and logically deduce that a data analyst identifying and classifying keywords from customer reviews in order to improve customer satisfaction is an example of categorizing things.

Read more on data analyst here: brainly.com/question/27853454

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