Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
jmg89 jmg89
wrote...
Go to Answer
Posts: 325
Rep: 15 0
5 years ago
Equipment was acquired for $256,000 and has accumulated depreciation of $187,000. The business exchanges this equipment for new equipment.  The new equipment has a market value of $208,000 and the business pays $159,000 cash.  Assume the exchange has commercial substance.  The exchange results in ________.
A) loss $20,000
B) gain $20,000
C) gain $139,000
D) loss $139,000
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
Read 122 times
5 Replies
Replies
Answer verified by a subject expert
homework1homework1
wrote...
#1
Posts: 188
Rep: 53 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here

Related Topics

jmg89 Author
wrote...
#2
5 years ago
You are really a genius. Thanks
wrote...
#3
5 years ago
NP
wrote...
#4
3 years ago
Thank you
wrote...
#5
3 years ago
thank you
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1238 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 291
  
 929
  
 297
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 431
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?