Question: Use for questions 9-12 During the current year, Marshall Construction trades an old crane (old equipment) that has a book value of $170,000 (original cost

Use for questions 9-12 During the current year, Marshall Construction trades

an old crane ("old equipment) that has a book value of $170,000

(original cost $200,000 less accumulated depreciation $30,000) and a fair value of

Use for questions 9-12 During the current year, Marshall Construction trades an old crane ("old equipment) that has a book value of $170,000 (original cost $200,000 less accumulated depreciation $30,000) and a fair value of $160,000 for a new crane ("new equipment) from Brigham Manufacturing Co. In addition, Marshall pays Brigham $30,000. Brigham's new crane has a carrying value of $160,000 on its books and its fair value is undeterminable. Question 9 3 pts Prepare the journal entries for Marshall assuming the transaction has commercial substance Question 11 2 pts Prepare the journal entries for Marshall assuming the transaction lacks commercial substance Edit View Insert Format Tools Table 12pt v Paragraph B T 4. Prepare the journal entries for Brigham assuming the transaction lacks commercial substance Use for questions 9-12 During the current year, Marshall Construction trades an old crane ("old equipment) that has a book value of $170,000 (original cost $200,000 less accumulated depreciation $30,000) and a fair value of $160,000 for a new crane ("new equipment) from Brigham Manufacturing Co. In addition, Marshall pays Brigham $30,000. Brigham's new crane has a carrying value of $160,000 on its books and its fair value is undeterminable. Question 9 3 pts Prepare the journal entries for Marshall assuming the transaction has commercial substance Question 11 2 pts Prepare the journal entries for Marshall assuming the transaction lacks commercial substance Edit View Insert Format Tools Table 12pt v Paragraph B T 4. Prepare the journal entries for Brigham assuming the transaction lacks commercial substance

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