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how much Amortization Expense should Bean record in total for all of it's intangible assets on December 31st? On Dec 31, 2020 Bean Co. traded
how much Amortization Expense should Bean record in total for all of it's intangible assets on December 31st?
On Dec 31, 2020 Bean Co. traded one of its old machines with an original cost of $13,400 and a book value of $4,800, plus cash of $12,500 for a new machine that had a fair value of $20,200. The exchange has commercial substance. |
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