How much gain should hardin recognize on this exchange

Assignment Help Finance Basics

Reference no: EM13305355

Hardin Company received $60,000 in cash and a used computer with a fair value of $180,000 from Page Corporation for Hardin Company's existing computer having a fair value of $240,000 and an undepreciated cost of $225,000 recorded on its books. The transaction has no commercial substance. How much gain should Hardin recognize on this exchange, and at what amount should the acquired computer be recorded, respectively?

Reference no: EM13305355

Questions Cloud

How much work is done by the charger : To recharge a 3.7V Lithium-ion battery, a battery charger must move 1320 mAxh of charge from the negative terminal to the positive terminal

Find fraction of original rotational kinetic energy is lost : A wheel is rotating freely at angular speed 270 rev/min on a shaft whose rotational inertia is negligible. What fraction of the original rotational kinetic energy is lost

What is the annual percentage rate offered by kuchner : What is the Annual Percentage Rate offered by Martin? What is the Annual Percentage Rate offered by Kuchner?

What is the volume after the cooling : Two kg of propane are initially saturated liquid at 0 C. It undergoes an isentropic process that cools it to -40C. What is the volume after the cooling

How much gain should hardin recognize on this exchange : How much gain should Hardin recognize on this exchange, and at what amount should the acquired computer be recorded, respectively?

Determine the effective radiation dose received by the tumor : A cancer treatment called the gamma knife uses focused 60Co sources to treat tumors. Each 60Co nucleus emits two gamma rays, Determine the effective radiation dose received by the tumor

Determine its average binding energy per nucleon : The mass of the nuclide 16/8 O is 15.994 915 u. Determine its average binding energy per nucleon

Incomplete fracture (simple fracture) of the femur : Incomplete fracture (simple fracture) of the femur

Write program that outputs the tuition of four universities : study the sources for current tuition rates and historical trends of tuition. assume that in the next 20 years tuition will change with a similar trend for all universities .

User Account

All Pages