6. Alpha traded an old printing press (Machinery account) for a custom-made, one of a kind...
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6. Alpha traded an old printing press (Machinery account) for a custom-made, one of a kind off-road vehicle that had an unknown fair market value. The Machinery had a cost of $110,000 and accumulated depreciation of $97,000. As part of the exchange, Alpha also paid $15,000 cash. Record the journal entry on September 9, 2019 (2 marks) 6. Alpha traded an old printing press (Machinery account) for a custom-made, one of a kind off-road vehicle that had an unknown fair market value. The Machinery had a cost of $110,000 and accumulated depreciation of $97,000. As part of the exchange, Alpha also paid $15,000 cash. Record the journal entry on September 9, 2019 (2 marks)
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Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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