On February 7, 2021, Sansoni Services exchanged an asset with a cost of $20,000 (now 30% depreciated) for a similar asse
Posted: Sat Feb 19, 2022 2:32 pm
On February 7, 2021, Sansoni Services exchanged an asset with a
cost of $20,000 (now 30%
depreciated) for a similar asset worth $18,000. Sansoni received
$2,000 in cash. Journalize the
equipment exchange on February 7, 2021.
cost of $20,000 (now 30%
depreciated) for a similar asset worth $18,000. Sansoni received
$2,000 in cash. Journalize the
equipment exchange on February 7, 2021.