Accounting

Kieso, Intermediate Accounting, 12CE Volume 1 Help | System Announcements PRINTER VERSION BACK Exercise 10-18 Cullumber Limited exchanged equipment that it uses in its manufacturing operations for similar equipment that is used in the operations of Bramble Limited. Cullumber also paid Bramble $2,900 in cash. The following information pertains to the exchange. Cullumber Bramble Equipment (cost) $50,500 $56,000 Accumulated depreciation 31,500 22,000 Fair value of equipment 25,500 28,400