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

May 8th, 2015
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ACC 422 Week 3 Problems P10-8, P9-9

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P10-8Susquehanna Choctaw Powhattan Shawnee160,000 120,000147,000 160,00050,00045,00071,00075,00092,00069,00092,000 100,000110,00075,00076,00085,000Machine costAccumulated depreciationFair valueBook value1 SusquehannaBook valueFair valueLoss on disposal110,00092,00018,000Fair valueCash receivedCost of new machine92,00023,000115,000EquipmentAccumulated Depretiation- equipmentLoss on exchange of machineryOriginal cost of equipmentCash115,00050,00018,000160,00023,000ChowctawBook valueFair valeLoss on exchange75,00069,0006,000Fair valueCashCost of new machine69,00023,00092,000EquipmentAccumulated depreciationLoss on exchangeOriginal cost of equipmentCash92,00045,0006,000120,00023,0002 SusquehannaEquipmentAccumulated DepreciationLoss on ExchangeOriginal machineryPowhatanBook value MachineFair valueGain on exchange92,00050,00018,000160,00076,00092,00016,000EquipmentAccumulated depreciationLess gain on exchangeOriginal machinery92,00071,00016,000147,0003 SusquehannaFair valueCash paid outCost of new machine92,0008,000100,000EquipmentAccumulated DepreciationLoss on exchangeOriginal machineryCash paid out100,00050,00018,000160,0008,000ShawneeBook valueFair valueGain85,000100,00015,000Fair valueCash receivedNew machine100,0008,000108,000New equipmentAccumulated depreciationOriginal machinery108,00075,000160,000cash receivedGain on

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