Question
Record disposal by exchange of equipment. (SO 4) AP Pacord danreciation ment, and (c) record the sale of the equipment if Mitra Company received
Record disposal by exchange of equipment. (SO 4) AP Pacord danreciation ment, and (c) record the sale of the equipment if Mitra Company received $9,000 cash for it. BE9-14 Subramanian Company has equipment with an original cost of $95,000 and, as at December 31, 2013, accumulated depreciation of $78,000. On January 7, 2014, Subramanian exchanges the equipment for new equipment with a list price of $110,000. The dealer gives Subramanian a $20,000 trade-in allow ance on the old equipment even though its fair value is only $15,000. Record the January 7, 2014, journal entry for the equipment exchange. REQ 15 Con Mining Co purchased a mine for $6.5 million that is estimated to have 25 million tonnes
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