The Bacon Company Acquired New Machinery with a Price of $15,200

question 107

Multiple Choice

The Bacon Company acquired new machinery with a price of $15,200 by trading in similar old machinery and paying $12,700.The old machinery originally cost $9,000 and had accumulated depreciation of $5,000.In recording this transaction,Bacon Company should record

• A)a loss of $1,500
• B)the new machinery at $16,700
• C)a gain of $1,500
• D)the new machinery at $12,700

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Definitions:

Electrocautery

A surgical technique that uses electric current to heat tissue in order to control bleeding or cut through tissue.

Control Bleeding

Medical techniques and procedures aimed at stopping or reducing the flow of blood from a wound or surgical site to prevent excessive blood loss.

Electrocoagulation

A medical procedure using electrical current to remove tissue, control bleeding, or achieve hemostasis by causing blood or tissue protein to coagulate.

Control Bleeding

The practice of using techniques or medical interventions to stop or reduce the flow of blood from a wound or incision.