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On December 1 , 2 0 2 0 , Sunland Company acquired new equipment in exchange for old equipment that it had acquired in 2
On December Sunland Company acquired new equipment in exchange for old equipment that it had acquired in The old equipment was purchased for $ and had a book value of $ On the date of the exchange, the old equipment had a fair value of $ In addition, Sunland paid $ cash for the new equipment, which had a list price of $ The exchange lacked commercial substance. At what amount should Sunland record the new equipment for financial accounting purposes?O $ $O $ $
On December Sunland Company acquired new equipment in exchange for old equipment that it had acquired in The old equipment was purchased for $ and had a book value of $ On the date of the exchange, the old equipment had a fair value of $ In addition, Sunland paid $ cash for the new equipment, which had a list price of $ The exchange lacked commercial substance. At what amount should Sunland record the new equipment for financial accounting purposes?O $ $O $ $
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Cost Accounting A Managerial Emphasis
Authors: Charles T Horngren
5th Edition
0131796712, 978-0131796713
