Question
Company A gives a truck, which cost $10000 and has accumulated amortization at the date of sale of $7000, and $500 cash to Company B
Company A gives a truck, which cost $10000 and has accumulated amortization at the date of sale of $7000, and $500 cash to Company B in exchange for a computer. The market value of the truck is $4500. The computer has an estimated fair value of approximately $5,200. Give the journal entry for Company A
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The journal entry for Company A in this exchange would be 1 To remove the ...
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Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian edition
119-49633-5, 1119496497, 1119496330, 978-1119496496
