Question
use the information below for the following four questions: Mushi co and zeeke co traded the below equipment Zeeke co. gave its machine for an
use the information below for the following four questions:
Mushi co and zeeke co traded the below equipment
Zeeke co. gave its machine for an agreed upon price $278,000 and received $32,000 cash in the exchange if the exchange. If the exchange does not change future cash flows or either company, the entry on Mushi's books (show calculation)
if the exchange does not change future cash flows of either company, the entry on Zeeke's books (show calculation)
if the exchange changes future cash flows of both companies, the entry on Mushi's books (show calculation)
if the exchange changes future cash flows of both companies, the entry for Zeeke's books (show calculation)
Mushi co Zeeke co Equipment (original cost) $450,000 $825,000 Accumulated depreciation 345,000 615,000 1 Account title debit credit Account title debit credit Account title debit creditStep by Step Solution
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