A Company Decides to Exchange Its Old Machine and ¥1,540,000

question 94

Multiple Choice

A company decides to exchange its old machine and ¥1,540,000 cash for a new machine. The old machine has a book value of ¥1,260,000 and a fair value of ¥1,400,000 on the date of the exchange. The cost of the new machine would be recorded at

• A) ¥2,800,000.
• B) ¥2,940,000.
• C) ¥2,660,000.
• D) cannot be determined.

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Definitions:

Middle-Management Positions

Roles within an organization that are intermediate between the executive leaders and the frontline employees, often responsible for managing a specific department or team.

Gender Neutral

Avoiding distinctions between genders, aiming at equality and not specifying a particular gender when unnecessary.

Glass Cliff

A situation where women or minority leaders are more likely to be put into leadership roles during periods of crisis or risk, potentially setting them up for failure.

Leadership Positions

Roles or titles within an organization or group tasked with guiding, directing, or managing others.