1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
scoray [572]
3 years ago
9

Calaveras Tire exchanged equipment for two pickup trucks. The book value and fair value of the equipment given up were $40,000 (

original cost of $95,000 less accumulated depreciation of $55,000) and $27,000, respectively. Assume Calaveras paid $9,000 in cash and the exchange has commercial substance. (1) At what amount will Calaveras value the pickup trucks
Business
1 answer:
pickupchik [31]3 years ago
3 0

Answer:

$36,000

Explanation:

Given that,

Book value of the equipment given up = $40,000

Fair value of the equipment given up = $27,000

Cash paid = $9,000

Hence,

Value of pickup trucks:

=  Fair value of the equipment given up + Cash paid

=  $27,000 + $9,000

= $36,000

Therefore, the amount of $6,000 will Calaveras value the pickup trucks.

You might be interested in
Time warner has different divisions for magazines, movies, recordings, cable television, and so on. the warner bros. part of the
Genrish500 [490]
<span>Since Time Warner has different divisions for different forms of media, it is a business that has multiple operating divisions. Having multiple operating divisions allows them to appeal to a greater audience, thus increasing their sales. More sales means more revenue, which is the main goal of the company.</span>
6 0
3 years ago
The following information relating to a company's overhead costs is available. Actual total variable overhead $ 75,000 Actual to
NARA [144]

Answer:

$5,000 favorable

Explanation:

The computation of the total variable overhead variance is given below:

= Budgeted machine hours allowed for actual output × Budgeted variable overhead rate per machine hour - Actual total variable overhead

= 32,000 hours × $2.50 - $75,000

= $80,000 - $75,000

= $5,000 favorable

Since the favorable is more than the actual so it should be favorable

6 0
3 years ago
In 2005, mandy and hal (mother and son) purchased land for $600,000 as joint tenants with right of survivorship. of the $600,000
Romashka [77]

Answer:

$500,000

Explanation:

Actual amount contributed by Hal to the land purchase = Contribution - Gift from mandy = $300,000 - $200,000 = $100,000

Hal's contribution weight in the land = 100,000 ÷ 600,000 = 1 ÷ 6

Hal's gross estate in the land = $3,000,000 × (1 ÷ 6) = $500,000

Therefore, as to the land, hal's gross estate must include $500,000.

4 0
3 years ago
A presentation in the sales process is designed to match the benefits of a product to the client's ______.
elixir [45]

Answer:

needs

Explanation:

7 0
2 years ago
The overwhelming majority of existing businesses are
JulijaS [17]

The answer is C. sole proprietorships.

8 0
4 years ago
Read 2 more answers
Other questions:
  • Which of the following is an example of representative money?
    10·2 answers
  • As jessica enters audio jetz car electronics department, she is asked by the salesperson if she has seen the new plug-in cell ph
    8·2 answers
  • Which type of portfolio might a young investor who is not afraid of risk choose?
    7·1 answer
  • Making sales to a customer on credit is an example of a ________ decision, and would be the responsibility of the __________.
    13·1 answer
  • Allison's is expected to have annual free cash flow of $62,000, $65,400, and $68,900 for the next three years, respectively. Aft
    12·1 answer
  • If supply and demand both increase then equilibrium price will also increase. True or False
    9·1 answer
  • Below is the income statement for Sun Devil Company for the year ending December 31, 20x2: Sales (net) $500,000 Cost of Goods So
    5·1 answer
  • 2. How does feature-benefit selling create selling points?
    13·1 answer
  • 10. Parmentier Company uses the weighted-average method in its process costing system. The Molding Department is the second depa
    10·1 answer
  • The life cycle for software development includes seven steps, which are identified below. Recall the development life cycle and
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!