A company that traded in an old machine for a new one provided the following amounts:Carrying amount of the old machine, $8,000Fair value of the old machine, $10,000Cash paid for the new machine, $32,000Gain on disposal, $2,000What should be the recorded cost of the new machine?Select answer from the options below$40,000$42,000$38,000 $32,000

A company purchased equipment valued at $259,000. It traded in old equipment for a $114,000 trade-in allowance and the company paid $145,000 cash with the trade-in. The old equipment cost $240,000 and had accumulated depreciation of $144,000. This transaction has commercial substance. What is the recorded value of the new equipment?Multiple Choice$114,000.$259,000.$145,000.$241,000.$96,000.

Delaney Company is considering replacing equipment which originally cost $600,000 and which has $420,000 accumulated depreciation and a book value of $180,000. A new machine will cost $790,000. What is the sunk cost in this situation? A. $370,000 B. $190,000 C. $180,000 D. $790,000

A new manufacturing machine is expected to cost $556,000, have an eight-year life, and a $60,000 salvage value. The machine will yield an annual income of $69,916. Annual depreciation expense is $62,000 per year. Compute the accounting rate of return for the investment.

A machine with a cost of $144,000 and accumulated depreciation of $92,000 is sold for $64,000 cash. The cash flow amount that should be reported in the operating activities section reported under the direct method is:Multiple Choice$12,000.$52,000.$0.$28,000.$64,000.

opening balance of machinery account =500000 closing balance of machinery account=650000 depreciation expense for the year=50000 depreciation charged on machinery sold=130000 profit on sale of machinery=20000 carrying value of machinery=90000 what is the total cost of machinery pruchased during the year? A: 370000 B:200000 C:280000 D:300000