Cedric Company recently traded in an older model of equipment for a new model. The old model’s book value was $279,000 (original cost of $609,000 less $330,000 in accumulated depreciation) and its fair value was $310,000. Cedric paid $71,000 to complete the exchange which has commercial substance.

Adamson company manufactures four lines of garden tools. as a result of an activity analysis, the accounting department has identified eight activity cost pools. each of the product lines is produced in large batches, with the whole plant devoted to one product at a time. classify each of the following activities or costs as either unit-level, batch-level, product-level, or facility-level. activities (a) machining parts. (b) product design. (c) plant maintenance. (d) machine setup. (e) assembling parts. (f) purchasing raw materials. (g) property taxes. (h) painting.