On December 31, Strike Company has decided to trade-in one of its batting cages for another one that has a cost of $500,000. The seller of the batting cage is willing to allow a trade-in amount of $40,000. The initial cost of the old equipment was $225,000 with an accumulated depreciation of $195,000. Depreciation has been taken up to the end of the year. The difference will be paid in cash. What
is the amount of the gain or loss on this transaction?
A) The gain will not be recognized and will be added to the price of the old equipment.
B) The gain will not be recognized and will be added to the price of the new equipment
C) The gain will not be recognized and will be subtracted from the price of the old equipment
D) The gain will not be recognized and will be subtracted from the price of the new equipment.
D
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It is simple for auditors to test the costs capitalized for discovery of natural resources because only successful efforts may be recorded
a. True b. False Indicate whether the statement is true or false
Choose the correct word or words in parentheses. The script was circulated among (us, we) students
What is job analysis?
What will be an ideal response?
Aragon, a brand of inverters, provides products that work well in the first year of their use. The performance of the products, however, starts declining after the first year, and the products eventually become unusable within a short period of time. The pattern of breakdown is similar for all Aragon inverters. Reports suggest that Aragon intentionally creates inferior products to increase repurchases. In the given scenario, Aragon is guilty of _____.
A. project mismanagement B. planned obsolescence C. crash simulation D. modular function deployment