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
Yuri [45]
3 years ago
6

On December 1, 2020, Concord Corporation acquired new equipment in exchange for old equipment that it had acquired in 2017. The

old equipment was purchased for $216000 and had a book value of $83720. On the date of the exchange, the old equipment had a fair value of $91000. In addition, Concord paid $286000 cash for the new equipment, which had a list price of $386000. The exchange lacked commercial substance. At what amount should Concord record the new equipment for financial accounting purposes?
Business
1 answer:
vredina [299]3 years ago
6 0

Answer:

$369,720

Explanation:

The computation of the amount record the new equipment for financial accounting purpose is shown below:

Book value of new equipment = book value of old equipment + cash given

where,

Book value of old equipment is $83,720

And, the cash paid for new equipment is $286,000

SO, the book value of new equipment is

= $83,720 + $286,000

= $369,720

You might be interested in
Borstorff and her associates examined a number of factors related to employee willingness and concluded that married couples wit
konstantin123 [22]

Answer:

The answer would be FALSE

Explanation:

There is no information necessary to answer the question but it is more likely that a couple with children will want to accept a job abroad because they have no responsibility such as child support, school, etc. for a child.

In the case of a couple with small children, they are less likely to agree to go elsewhere because of the expenses that this would imply.

3 0
3 years ago
When you tell an acquaintance your telephone number, you do not recite the digits one by one at a constant rate, as in "3, 3, 7,
mojhsa [17]

The answer would be chunking; working. Chunking is a word mentioning to the development of taking separate pieces of information (chunks) and combining them into larger units. By grouping each piece into a large whole, you can progress the amount of information you can recall. The key drive of this is to look for and determine these organized chunks of information in working memory, so that they can then be used proficiently and repeatedly, with slight further input from awareness.

7 0
3 years ago
What website would be the best to use to find the best steakhouse near your home?.
Volgvan
Answer:
Just use G maps and search stakehouse.

Explanation:

8 0
2 years ago
Read 2 more answers
How much is a $2 dollar bill worth
seraphim [82]
A $2 bill is worth 200 pennies, 20 dimes, 4 half dollars, and  25 nickels.


Hope this helps :)
5 0
3 years ago
Read 2 more answers
Even though the remainder of this assignment will focus on motivation, there are two additional determinants of job performance.
Marat540 [252]

Answer:

The answer is Job perfomance= Motivation x Ability x Situational x Constraints

Explanation:

Because in this formula, job performance is how well someone performs the requirements of the job, motivation is the degree to which someone works hard to do the job well, ability is the degree to which workers possess the knowledge, skills, and talent to do the job well, and situational constraints are factors beyond the individual control of the empolyees. Such as policies, resources. Since job perfomance is a multiple function of motivation times ability times situational constraints, the job performance wil decline if one of those elements is considered insuficient.

6 0
3 years ago
Other questions:
  • Maiko lost her job and she was forced to sell a rental property because she did not have other funds​ (liquid, emergency,​ etc)
    10·1 answer
  • Which one of the following expenses would be denied as entertainment and would not be deductible?
    12·2 answers
  • Which of the following are included in M2?
    14·1 answer
  • Payments on an installment note include the accrued interest expense plus a portion of the amount borrowed. Question 5 options:
    8·1 answer
  • A bond issue with a face amount of $400,000 bears interest at the rate of 8%. The current market rate of interest is 9%. These b
    5·1 answer
  • Brown Corporation has 500,000 shares of 9%, $40 par value cumulative preferred stock authorized, 100,000 shares issued, and 80,0
    9·1 answer
  • Sharice is participating in a financial-management webinar in which the speaker is using unfamiliar terms and jargon, so Sharice
    14·1 answer
  • A provision requiring a construction contractor to pay $300 for every day it is late in completing the construction contract is:
    14·1 answer
  • A company's balance sheet shows: Cash $36,000, Accounts receivable $23,000, Office equipment $57,000, and Accounts payable $24,0
    5·1 answer
  • The recurrent ups and downs in the level of economic activity extending over several years are referred to as?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!