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emilybabydog
07.03.2020 •
Business
On July 15, 2016, Cottonwood Industries sold a patent and equipment to Roquemore Corporation for $750,000 and $325,000, respectively. The book value of the patent and equipment on the date of sale were $120,000 and $400,000 (cost of $550,000 less accumulated depreciation of $150,000), respectively.
Required:
Prepare the journal entries to record the sales of the patent and equipment
Solved
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Ответ:
Explanation:
The journal entries are as follows
For sale of the patent
Cash Dr $750,000
To Patent $120,000
To Gain on sale of patent $630,000
(Being the sale of the patent is recorded)
For sale of the equipment
Cash Dr $325,000
Depreciation Dr $150,000
Loss on sale of an equipment $75,000
To Equipment $550,000
(Being the sale of the equipment is recorded)
Ответ:
The answer is heat a saturated sugar water solution, dissolve more sugar, then let the solution cool
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