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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
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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.

User Mark Mooibroek
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1 Answer

7 votes

Answer:

d.

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

Step-by-step explanation:

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

User Vivek Yadav
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