A major spare part is replaced in a machine at a cost of $ 100,000. here is

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A major spare part is replaced in a machine at a cost of $ 100,000. here is a remain-ing carrying amount of the old part of $ 2,000. How is the $ 2,000 treated?

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Intermediate Accounting

ISBN: 978-0071339476

Volume 1, 6th Edition

Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I

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Question Posted: Aug 20, 2015 02:38 AM

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A major spare part is replaced in a machine at a cost of $ 100,000. here is

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The carrying amount of the old part is derecognized and the remaining 2000 amount would be a loss i...View the full answer

Intermediate Accounting

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