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testor Irade of Fixed Asset On July 1. Twin Pines Co. a water distiller acquired new bottling equipment with a list price tal market value

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testor Irade of Fixed Asset On July 1. Twin Pines Co. a water distiller acquired new bottling equipment with a list price tal market value of $467.000. Twin Petreceived trademark of $97,100 on the old equipment of a similar type and paid cash of $360,000. The following information about the old equipment is obtained from the con the counted cost. 5323,000; accumulated depreciation on December 31. the end of the preceding fiscal year, 1211.200 annual depredation, $19.00. Assuming that the changes substance Journalize the entry to record the current depreciation of the old equiment to the date of trade in Journalize the entry to record the change transaction on by famount box does not require any, leave it bank Accumulated Depreciation Equipment Los on Exchange of quipment

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