During the Current Year,a Company Acquired a New Computer with a Cash

question 149

Essay

During the current year,a company acquired a new computer with a cash price of $12,800 by exchanging an old one on which the company received a $1,500 trade-in allowance (with the balance of $11,300 paid in cash).The old computer cost $9,000 and its accumulated depreciation was $5,500 as of the exchange date.Prepare the journal entry to record the exchange.

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Definitions:

Operant Conditioning

is a method of learning that uses rewards and punishments for behavior, which increases or decreases the likelihood of that behavior being repeated.

Biofeedback

A therapy technique that teaches individuals to improve their health and performance by controlling bodily processes that normally happen involuntarily.

Physiological Process

Biological functions or activities within living organisms that support life, such as respiration, digestion, and reproduction.

Intermittently

Occurring at irregular intervals; not continuous or steady.