nonmonetary exchange

Project Description:

k & w corp exchanged machinery with an appraised value of $2,925,000, a recorded cost of $4,500,000 and accumulated depreciation of $2,250,000 with abc corp for machinery they own. abc corp has an appraised value of $2,825,000, a recorded cost of $5,400,000 and accumulated depreciation of $2,970,000. abc corp gave k&w $100,000 in the exchange. assume depreciatin has already been updated.

prepare entries for k&w corp books assuming exchange has commercial substance, and then assuming the exchnage lacked commerical substance.
Skills Required:
Project Stats:

Price Type: Negotiable

Expired
Total Proposals: 7
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