Answer:
equipment    3,700
Explanation:
First we calcualte the values of the machine given up:
<u>traded-out assets</u>
purchased  23000
depreciation	<u>20,000 </u>
book value   3,000
fair value   5,000
gain on disposal   2,000
This gain would be recognzie if there was commercial substance. In this case we don't have commercial substance. So it is deffered.
Value given up forthe new equipment:
cash                   700
traded-out        <u>5,000 </u>
total value         5,700
We subtract the deffered gain on disposal to get the accounting value for the new equipment:
deferred gain       (2,000)
accounting value	3,700
The machine will enter the accounting with 3,700
journal entry
equipment    3,700
acc del        20,000
    equipment            23,000
   cash                             700
 
        
             
        
        
        
Answer:
At equilibrium demand is equal to supply therefore  
Qd=Qs
50-2P=3P
By collecting like terms 
50=3P+2P
50=5P
P=10
THEREFORE  equilibrium price  is 10
Explanation:
 
        
             
        
        
        
Answer:
- The entries in VLC's accounting information system to record all the preceding events will include all of the following except:
C. A credit togross profit
Explanation:
An entry to Gross Profit does not exist because the gross profit it's the result of the total sales minus the Cost of Goods, so the Gross Profit it's a result and not a journal entry.
The other entries are used as follows: 
A. A debit to cost of goods sold
D. A credit to inventory
B. A debit to delivery expense
A credit to Cash
 
        
             
        
        
        
Answer:
Video call or teleconferencing 
Explanation:
This is communication between two parties in different places. They get to see eachother and he gets to fully immerse his boss in the news he wants to provide