Question
A company exchanged an old truck for a small computer. The cost of used trucks is $20,000, with a cumulative depreciation of $18,000; The computer
A company exchanged an old truck for a small computer. The cost of used trucks is $20,000, with a cumulative depreciation of $18,000; The computer cost is $3700. In this transaction, the company also paid $1,000 in cash (premium).
Required: prepare the journal entries to record the transaction (the transaction has commercial substance)
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Accounting Fundamentals For Health Care Management
Authors: Steven A. Finkler, David M. Ward, Thad Calabrese
3rd Edition
1284124932, 9781284124934
