Business, 17.01.2020 04:31, joynerjaila
On january 2, 2017, bering co. disposes of a machine costing $44,000 with accumulated depreciation of $24,625. prepare the entries to record the disposal. under each of the following separate assumptions. 1.the machine is sold for $18,250 cash.2.the machine is traded in for a newer machine having a $60,200 cashprice. a $25,000 trade-in allowance is received, and the balance is paidin cash. assume the asset exchange has commercial substance.3.the machine is traded in for a newer machine having a $60,200 cashprice. a $15,000 trade-in allowance is received, and the balance is paidin cash. assume the asset exchange has commercial substance.
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On january 2, 2017, bering co. disposes of a machine costing $44,000 with accumulated depreciation o...
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