Mehta Company traded a used welding machine (cost $9,000, accumulated depreciation $3,000) for office equipment with an estimated fair value of $5,000. Mehta also paid $3,000 cash in the transaction. Prepare the journal entry to record the exchange. (The exchange has commercial substance.)
3 Comments
7/1/2016 08:17:42 am
Discounted Miller Digital Infinity, Digital Elite, Digital Titanium, Digital Performance, Digital Pro Hobby and Classic series auto darkening welding helmets.
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9/29/2016 12:51:01 am
This is more of a side project I'm doing while I have a little down time on the Tiny House trailer. I have always wanted to make a solar batch water heater.
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11/20/2017 02:59:08 am
Technology has been constantly changing ever stoves replaced bare fire in helping man prepare food, warm himself and prepare other items. Today we have cookers that have constantly evolved to what we use today. Man is now able to cool using electricity, gas and even coal.
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