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DochEvi [55]
3 years ago
5

Equipment was acquired for $210,000 and has accumulated depreciation of $93,000. The business exchanges this equipment for new e

quipment. The new equipment has a market value of $304,000 and the business pays $52,000 cash. Assume the exchange has commercial substance.
The exchange results in a:

(A) gain $187,000
(B) loss $187,000
(C) gain $135,000
(D) loss $135,000

Business
1 answer:
Alex787 [66]3 years ago
3 0

Answer:

(A) gain $187,000

Explanation:

Please see attachment .

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Leisha grew 4.5 inches and gained 3 pounds last year. about how many years old is leisha likely to be?
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Which of the following is a process by which investment bankers purchase new securities directly from the issuing company and re
sattari [20]

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B) Underwriting. 

Explanation:

6 0
3 years ago
The Phoenix Corporation's fiscal year ends on December 31. Phoenix determines inventory quantity by a physical count of inventor
lutik1710 [3]

Answer:

1. Merchandise held on consignment for Trout Creek Clothing.

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2. Goods shipped f.o.b. destination on December 28 that arrived at the customer's location on January 4.

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3. Goods purchased from a vendor shipped f.o.b. shipping point on December 26 that arrived on January 3.

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4. Goods shipped f.o.b. shipping point on December 28 that arrived at the customer's location on January 5.

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5. Phoenix had merchandise on consignment at Lisa's Markets, Inc.

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6. Goods purchased from a vendor shipped f.o.b. destination on December 27 that arrived on January 3.

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3 0
3 years ago
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Sedaia [141]

Answer:

Option A is the correct answer,$5810

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