Campbell Corp. exchanged delivery trucks with Highway, Inc. Campbell's truck originally cost $23,000, its accumulated depreciation was $20,000, and its fair value was $5,000. Highway's truck originally cost $23,500, its accumulated depreciation was $19,900, and its fair value was $5,700. Campbell also paid Highway $700 in cash as part of the transaction. The transaction lacks commercial substance. What amount is the new book value for the truck Campbell received?
A. $5,700
B. $5,000
C. $3,700
D. $3,000
Answers: 2
Business, 20.06.2019 18:04
Which is not following is not considered a debit? a) online billing payment b) check cashed c) atm withdraws d) interest earned
Answers: 1
Business, 21.06.2019 16:00
Five times the sum of a number and 27 is greater then or equal to six times the of that number and 26. what is the solution set to this proportion?
Answers: 1
Business, 21.06.2019 18:30
Which stroke of the four-stroke cycle is shown in the above figure? a. power b. compression c. exhaust d. intake
Answers: 2
Business, 21.06.2019 20:30
Which of the following pairs is most similar to each other? a. barter goods and fiat money b. digital money and barter goods c. fiat money and digital money d. commodity money and digital money
Answers: 1
Campbell Corp. exchanged delivery trucks with Highway, Inc. Campbell's truck originally cost $23,000...
Mathematics, 29.01.2021 19:40
Mathematics, 29.01.2021 19:40
Computers and Technology, 29.01.2021 19:40
Mathematics, 29.01.2021 19:40
Mathematics, 29.01.2021 19:40
Mathematics, 29.01.2021 19:40
Mathematics, 29.01.2021 19:40
Mathematics, 29.01.2021 19:40
Biology, 29.01.2021 19:40
Geography, 29.01.2021 19:40