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*E10-16 Coran’s Delivery Company and Enright’s Express Delivery exchanged delivery

Price: $1.99


Coran’s Delivery Company and Enright’s Express Delivery exchanged delivery
trucks on January 1, 2008. Coran’s truck cost $22,000. It has accumulated depreciation of $15,000
and a fair market value of $4,000. Enright’s truck cost $10,000. It has accumulated depreciation
of $8,000 and a fair market value of $4,000.The transaction has commercial substance.

Instructions
(a) Journalize the exchange for Coran’s Delivery Company.
(b) Journalize the exchange for Enright’s Express Delivery
Posted by Accountingtutorials

2 comments:

  1. AnonymousNovember 20, 2011 at 7:04 PM

    WRONG!!!

    ReplyDelete
  2. AccountingtutorialsNovember 20, 2011 at 7:12 PM

    Can you please tell me why it's wrong?

    I'm willing to refund you back just email me the order # or your name so I can refund back to the right person.

    Thanks

    ReplyDelete

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