Question: Question 2 of 5 Question 2 of 5 / 10 View Policies Current Attempt in Progress During the current year. Cullumbet Drilling trades an old

Question 2 of 5

Question 2 of 5 / 10 View Policies Current Attempt in Progress During the current year. Cullumbet Drilling trades an old derrick that book of (original cost S 392,mOIess accumulated depreciation SA75,200) a derrick from Riverbed Heavy Equipment 1 he Rivetbed S686,4COtO manufacture and is classified as inventory Tho following i. avail.ble, Culiumbcr Drilling Riverbed Heavy Equip, CO Fair value of old derrick Fair value of devrick Cash paid Cash S 1.02'7.600 n,2.ano

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