WebbThe old tractor had a book value of $18,500 (original cost of $41,000 less accumulated depreciation of $22,500) and a fair value of $1 Equipment that cost $660,000 and has accumulated... WebbKapono Farms exchanged an old tractor for a newer model. The old tractor had a book value of $18,500 (original cost of $41,000 less accumulated depreciation of $22,500) …
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WebbCase A. Kapono Farms exchanged an old tractor for a newer model. The old tractor had a book value of $15,000 (original cost of $34,000 less accumulated depreciation of $19,000) and a fair value of $9,600. Kapono paid $26,000 cash to complete the exchange. The exchange has commercial substance. Webb5 mars 2024 · Case A. Kapono Farms exchanged an old tractor for a newer model. The old tractor had a book value of $21,000 (original cost of $46,000 less accumulated depreciation of $25,000) and a fair value of $10,800. Kapono paid $38,000 cash to complete the exchange. The exchange has commercial substance. smith machine for standard size plates
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WebbThe old tractor had a book value of $20,000 (original cost of $44,000 less accumulated depreciation of $24,000) and a fair value of $10,600. Kapono paid $36,000 cash to … WebbKapono Farms exchanged an old tractor for a newer model. The old tractor had a book value of $20,000 (original cost of $44000 less accumulated depreciation of $24000) and afair vaiue of... WebbKapono Farms exchanged an old tractor for a newer model. The old tractor had a book value of $12,000 (original cost of $28,000 less accumulated depreciation of $16,000) and a fair value of $9,000. Kapono paid $20,000 cash to complete the exchange. The exchange has commercial substance. smith machine glute exercises