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.

---

Definitions:

Human Resources

The department within an organization responsible for recruitment, training, employee relations, and managing workforce policies.

Application Message

A specific type of communication intended to achieve a particular goal or response from the receiver.

Résumé

A document presented by a job applicant detailing their personal information, education, skills, and work experience.

Follow-up Message

A communication sent to obtain an update, provide additional information, or maintain contact after an initial interaction or meeting.