Dodd Delivery Company and Hess Delivery Company Exchanged Delivery Trucks

question 201

Essay

Dodd Delivery Company and Hess Delivery Company exchanged delivery trucks on January 1, 2010. Dodd's truck cost $84,000, had accumulated depreciation of $69,000, and has a fair market value of $9,000. Hess's truck cost $63,000, had accumulated depreciation of $54,000, and has a fair market value of $9,000.
Instructions
(a) Journalize the exchange for Dodd Delivery Company.
(b) Journalize the exchange for Hess Delivery Company.

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Definitions:

Crick

Best known as Francis Crick, he was a British scientist who co-discovered the structure of the DNA molecule alongside James Watson.

DNA Strands

The long, linear molecules composed of nucleotides that carry genetic information essential for cellular function and heredity.

Bacteriophages

Viruses that infect and replicate within bacteria, used in biotechnology for gene therapy and as bacterial control agents.

X-ray Diffraction

A technique used to determine the atomic and molecular structure of a crystal, by measuring the angles and intensities of X-rays that are scattered by the crystal.