Question
On September 12, Olympia Construction trades a truck with the historical cost of $24,000 and a fair market value of $18,000 for a cement cuter.
On September 12, Olympia Construction trades a truck with the historical cost of $24,000 and a fair market value of $18,000 for a cement cuter. The cement cutter belonged to Chi Brothers Construction and had a historical cost of $22,000 and a fair market value of $18,000.
a. Record the transaction for Olympia Construction.
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Introduction to Managerial Accounting
Authors: Peter C. Brewer, Ray H. Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan
5th Canadian edition
77429494, 1259105709, 1260480798, 978-1259105708
