Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Part B please Bramble Company changed machinery with an appraised value of $3.541.500, a recorder cost of $5.473.000 and med depreciation of 62,736,500 with Debra
Part B please
Bramble Company changed machinery with an appraised value of $3.541.500, a recorder cost of $5.473.000 and med depreciation of 62,736,500 with Debra Coronation for machinery Debra own. The machinery has an ealsed value of $3384,000, a recorded cost of 56,420,000 and accumulated depreciation of 53.531000 Debrasove Bramble $197.500 in the change Assume depreciation has already been updated Gain Dalam 195.000 (al (b) Your Answer Correct Answers Prepare the entries on both companies booking that the exchanged commercial substance (Credit accountries are automatically indeed when the amount is fred. Do not idential Prepare the entries on both companies books astuming that the exchange lacked commercial substance. (Credit account team automatically indented when the moontli entered Do not indent manualy Round Intermediate calculations to 5 de mal placer and final answers to decimal places, 12.5158 Bramble Bramble Account lities and Explanation Account Titles and Explanation Debit Debit Credit Credit Machine 3384000 Caah 192300 Ached Decoration Machinery 270.00 Machinery 5423000 Gainon bolowy af May 145.000 Delia Dobra Antities and Explanation Account Titles and Explanation Debit Credit Debit Credit May 100 151 Sich 19230 Na Attems of S. DarasanStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started