Please tell me how to do the problems. I have the correct answers, but I need to know how to solve them. There are 4 separate questions. Thanks!

Use the following information to answer questions below. Company X traded old equipment with Company Y for new equipment. The old equipment was on'ginally purchased for $200,000 and had accumulated depreciation of $150,000. The fair value of the old equipment is $50,000. In order to equalize the fair values, lCompany X also paid $200,000 in cash. What is the fair value of the new equipment? Selected Answer 0 $250,000 Answers: $200,000 $25 0,0 00 0 $250,000 $40 0,0 00 Response Feedback: More infon'nation about the concept tested in this question can be found in the Lesson 42 video. Question 3 Company X purchased equipment on January 1, 201 ?, and signed a noninterest bearing note for $30,000 to be paid in two years. If Company X would have borrowed cash to make the purchase, the interest rate would have been 8%. What should be the value ofthe debit to equipment on January 1, 2017? Selected Answer 0 9525,29? Answers: $24,000 a $25,720 $26,297 $30,000 Use the following information relating to Company X to answer questions below. Cost Retail Beginning Inventory $25,000 $40,000 Net Purchases $50,000 $35,000 Net Markups $15,000 Net Markdowns ($5,000) Net Sales $100,000 What is the estimate of cost of goods sold under the average cost retail method? SelectedAnswer Q $453821 Answers: $19,444 $35,532 $45,?t34 0 $55,555 Question 4 On January 1, 2016, Company.r X aoquires inventory for $200. On January 1, 2017, Com pang.r X estimates that it could sell the good for $250, with $20 for shipping and $20 to dispose oi the product. What should Company X value the inventory at on its books? Selected Answer. $20 0 0 Answers: $20 0 0 $210 $230