WebbThe old tractor had a book value of $20,000 (original cost of $44,000 less accumulated depreciation of $24,000) and a fair value of $10,600. Kapono paid $36,000 cash to complete the exchange. The exchange has commercial substance. Required: Assume the fair value of the old tractor is $30,000 instead of $10,600. WebbConnors traded in old equipment that had a book value of $10,000 (original cost of $22,000 and accumulated depreciation of $12,000) and paid cash of $30,000. The old equipment had a fair value of $5,700 on the date of the exchange. The exchange has commercial substance. 4.
Case A. Kapono Farms exchanged an old tractor for a newer …
WebbKapono Farms exchanged an old tractor for a newer model. The old tractor had a book value of $12,000 (original cost of $28,000 less accumulated depreciation of $16,000) and a fair value of $9,000. Kapono paid $20,000 cash to complete the exchange. The exchange has commercial substance. WebbCase A. Kapono Farms exchanged an old tractor for a newer model. The old tractor had a book value of $12,500 (original cost of $29,000 less accumulated depreciation of … elden ring premium collector ed
Case A. Kapono Farms exchanged an old tractor for a newer …
WebbThe old tractor had a book value of $12,500 (original cost of $29,000 less accumulated depreciation of $16,500 ) and a fair value of $9,100. Kapono paid $21,000 cash to … Webb5 mars 2024 · Case A. Kapono Farms exchanged an old tractor for a newer model. The old tractor had a book value of $21,000 (original cost of $46,000 less accumulated depreciation of $25,000) and a fair value of $10,800. Kapono paid $38,000 cash to complete the exchange. The exchange has commercial substance. WebbCase A. Kapono Farms exchanged an old tractor for a newer model. The old tractor had a book value of $15,000 (original cost of $34,000 less accumulated depreciation of $19,000) and a fair value of $9,600. Kapono paid $26,000 cash to complete the exchange. The exchange has commercial substance. elden ring preserving boluses cookbook