*BE10-16 Assume the same information as BE10-15, except that the fair market value of the
old delivery equipment is $38,000.
Prepare the entry to record the exchange.
data from be10-15
The book value of the old delivery equipment is $31,000 (cost $61,000 less accumulated depreciation
$30,000). Its fair market value is $19,000, and cash of $5,000 is paid
No comments:
Post a Comment