Company traded in a manual pressing machine for an automated pressing machine and gave $16,000...
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Company traded in a manual pressing machine for an automated pressing machine and gave $16,000 cash. The old machine cost $186,000 and had a net book value of $142,000. The old machine had a fair value of $120,000. Loss on this transaction would be" "$22,000 " "$44,000 " "$142,000 " None of these
Company traded in a manual pressing machine for an automated pressing machine and gave $16,000 cash. The old machine cost $186,000 and had a net book value of $142,000. The old machine had a fair value of $120,000. Loss on this transaction would be"
"$22,000 "
"$44,000 "
"$142,000 "
None of these
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