Examlex
Briyanne,Inc.purchased a computer for $5,000.During 2016 and 2017,the company recorded total depreciation of $4,000 on the computer.On January 1,2018,the company exchanges the computer for a new one,paying $4,000 cash.The market value of the new computer is $6,000.Prepare the journal entry to record this transaction.Assume the exchange has commercial substance.
Marginal Benefit
The increase in satisfaction or utility that a person receives from consuming an additional unit of a good or service.
Optimal Amount
The ideal quantity of a good or resource that maximizes efficiency or value.
R&D
Stands for Research and Development, a business or government activity that involves the investment of resources in developing new products, services, or processes.
Total Utility
The total satisfaction or benefit obtained from consuming a particular quantity of goods or services.
Q28: Unearned revenues are current liabilities until they
Q58: On January 1,2016,a corporation acquired a truck
Q68: Sandstorm,Inc.signed a 200-day,5%,$5,000 note on April 1,2017,and
Q89: The following information is available for Ashland
Q152: The asset turnover ratio is calculated by
Q168: When a stockholder contributes cash to a
Q174: A company originally issued 10,000 shares of
Q179: Moretown,Inc.had the following transactions in 2017,its first
Q181: According to Generally Accepted Accounting Principles,if the
Q200: On the _,cash dividends become a liability