Richards, Inc exchanged a piece of equipment with an original cost of $82,000, accumulated depreciation to date of $40,000, and a fair value of $46,000 for a similar piece of equipment. Cash flows are not expected to change significantly. The newly acquired equipment had a book value of $40,000 and a fair market value of $41,000. At what value should Richard record the newly-acquired equipment?
A) $40,000
B) 41,000
C) $42,000
D) $46,000
D
You might also like to view...
The dyadic relationships in LMX occur between ______.
A. the leader and other leaders B. the leader and the in-group followers C. the leader and each follower D. the followers and each other follower
In a criminal case, intent can be proved by using indirect evidence
Indicate whether the statement is true or false
In marketing, the set of values, ideas, and attitudes that are learned and shared among members of a group is referred to as ________.
A. ideals B. morals C. ethics D. diversity E. culture
Which of the following is true about the target market's evaluation of price?
A. The importance of price depends on the unemployment rate. B. The importance of price depends on the type of product. C. The importance of price does not depend on the target market. D. The target market's perception of value combines a product's price and size attributes. E. The target market's perception of value combines a product's price and availability attributes.