ACC 422 Week 3 Problems P10-8, P9-9

May 8th, 2015
Studypool Tutor
Price: $10 USD

Tutor description

ACC 422 Week 3 Problems P10-8, P9-9

Word Count: 186
Showing Page: 1/10
)Susquehanna sEntriesBook value110,000Fair value92,000Loss on disposal18,000Fair value92,000Cash received23,000Cost of new machine115,000EquipmentAccumulated Depretiation- equipmentLoss on exchange of machineryOriginal cost of equipmentCash115,00050,00018,000160,00023,000Chowctaw sEntriesBook value75,000Fairvale69,000Loss on exchange6,000Fair value69,000Cash23,000Cost of new machine92,000EquipmentAccumulated depreciationLoss on exchangeOriginal cost of equipmentCash92,00045,0006,000120,00023,000Susquehannas EntriesEquipmentAccumulated DepreciationLoss on ExchangeOriginal machinery92,00050,00018,000160,000Powhatans EntriesBookvalue MachineFair valueGain on exchange76,00092,00016,000EquipmentAccumulated depreciationLess gain on exchangeOriginal machinery92,00071,00016,000147,000SusquehannasEntriesFair value92,000Cash paid out8,000Cost of new machine100,000EquipmentAccumulated DepreciationLoss on exchangeOriginalmachineryCash paid out100,00050,00018,000160,0008,000Shawnee sEntriesBook valueFair valueGain85,000100,00015,000Fair valueCash receivedNew machine100,0008,000108,000New equipmentAccumulated depreciationOriginal machinerycash receivedGain on exchange108,00075,000160,0008,00015,000SusquehannasEntriesFair value92,000Cash paid out93,000Cost of new machine185,000EquipmentAccumulated depreciation

Review from student

Studypool Student
" Thanks for the help. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1822 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors