Dew Drops Company purchased equipment for $200,000. The company recorded total depreciation of $140,000. On January 1, 2018, the company exchanges the equipment for new equipment, paying $150,000 cash. The fair market value of the new equipment is $250,000. Prepare the journal entry to record this transaction. Assume the exchange has commercial substance. Omit explanation.

What will be an ideal response?


Business

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________ consider proposed fixed-asset outlays, research and development activities, marketing and product development actions, capital structure, and major sources of financing

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Business

Which of the following conditions need to be satisfied by an employer in China before reducing his or her workforce by at least 20 employees or by 10 percent?

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Business