Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
Tomm Tomm
wrote...
Go to Answer
Posts: 653
Rep: 0 0
6 years ago
Rooster Ltd. trades in a printing press for a newer model. The cost of the old printing press was $45,000, and accumulated depreciation up to the date of the trade-in amounts to $33,000. Rooster Ltd. also pays $38,500 cash for the newer printing press. The journal entry to acquire the new printing press will require a:
A) debit to Equipment for $39,000
B) debit to Equipment for $45,000
C) debit to Equipment for $50,500
D) credit to Accumulated Depreciation for $33,000
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
Read 70 times
1 Reply
ACC 925
Replies
Answer verified by a subject expert
AlexmosutheAlexmosuthe
wrote...
#1
Posts: 470
Rep: 16 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Tomm Author
wrote...

6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
sudenzia
wrote...

Yesterday
This helped my grade so much Perfect
nadiia
wrote...

2 hours ago
Correct Slight Smile TY
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1291 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 624
  
 669
  
 287
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 292
Previous poll results: Which 'study break' activity do you find most distracting?