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22-11-2019
Business

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Dodson Company traded in a manual pressing machine for an automated pressing machine and gave $40,000 cash. The old machine cost $465,000 and had a net book value of $355,000. The old machine had a fair value of $300,000.

Respuesta :

cancinodavidq cancinodavidq

25-11-2019

Answer:

d.

Equipment $ 615,000
Accumulated Depreciation $110,000
Equipment $465,000
Cash $40,000

Explanation:

IMPORTANT NOTE: The data of the calculation was obtained from an online research because you didn't post the complete exercise and questions.

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