A Computer Server System,which Had Cost $210,000 and Had Accumulated

question 140

Essay

A computer server system,which had cost $210,000 and had accumulated depreciation of $147,000,was traded for a new system with a fair market value of $235,000.The old system and cash of $180,000 were given for the new system.Prepare the journal entry for the exchange of these similar assets.

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Definitions:

Visual Sign

A symbol, object, or signal that is used to convey information or instructions through sight, often used for direction, warning, or identification.

Hyper-Threading

A technology by Intel that allows a single CPU core to serve as two logical cores, enhancing multitasking and performance.

GPU

Graphics Processing Unit, a specialized electronic circuit designed to rapidly manipulate and alter memory to accelerate the creation of images in a frame buffer intended for output to a display.

Reduced Power Consumption

Reduced power consumption entails using technology or methods that require lower energy levels to operate, leading to energy efficiency and cost savings.