User Account

All Pages

At what amount should Hagen record the truck received

Assignment Help Accounting Basics
Reference no: EM132483967

Question - Hagen Co. exchanged a truck with a carrying amount of $12,000 and a fair value of $15,000 for a truck, paying $5,000 cash as well. The fair value of the truck received was $20,000. The exchange was considered to have commercial substance. At what amount should Hagen record the truck received in the exchange?

a. $7,000

b. $9,000

c. $12,000

d. $15,000

Reference no: EM132483967

Questions Cloud

What types of liabilities are involved in article decisions : The purpose of this article critique assignment is to examine the various liabilities that healthcare institutions face. The assignment entails the review.
Calculate the irr-pi and npv : A company has $20 million available to invest in new projects. There are three independent projects that it is considering. The after tax cashflows
Calculate the book value of the asset as of the year : Champion Toys just purchased some MACRS, Assuming the firm foregoes all bonus depreciation, the book value of the asset as of the year 2 can be calculated as.
How to overcome communication barriers-verbal and nonverbal : Create a PowerPoint presentation (minimum of 10 slides) on how to overcome communication barriers-verbal and nonverbal (identify and explain with supported).
At what amount should Hagen record the truck received : The exchange was considered to have commercial substance. At what amount should Hagen record the truck received in the exchange
What is the annual operation cash flow for the project : What is the annual operation cash flow for the project? Ernie' Electrical is evaluation a project which will increase annual sales by $50000
How the values are placed upon each generation : For this assignment, read the article indicated below that discusses the differences between the generations within the workplace and how to develop.
What would Rye report as the depreciation expense : In its income statement, what would Rye report as the depreciation expense for 2018 using the double-declining-balance method
What is the ending balance in the deferred revenue account : What is the ending balance in the Deferred Revenue account? A company is the number one online music retailer through its iTunes music store.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd