The company had a production line on 1.1.2016 at a cost of 80,000 and without...
80.2K
Verified Solution
Link Copied!
Question
Accounting
The company had a production line on 1.1.2016 at a cost of 80,000 and without a residual value and the estimated useful life on that date was 10 years using the straight-line method and at the end of 2020 the company decided
Required
1.purchase product line
2. disposal asset
3. exchange the asset for another asset whose fair value is 28,000 and pay 5,000 cash
4. The asset was sold for $ 32,000
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.