Company A gives a truck, which cost $10000 and has accumulated amortization at the date of sale
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Question:
Company A gives a truck, which cost $10000 and has accumulated amortization at the date of sale of $7000, and $500 cash to Company B in exchange for a computer. The market value of the truck is $4500. The computer has an estimated fair value of approximately $5,200. Give the journal entry for Company A
Related Book For
Intermediate Accounting Volume 1
ISBN: 978-1119496496
12th Canadian edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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