City Auto Parts recently traded in-store fixtures. The exchange had a commercial substance. The old fixtures had a cost of $52,000 and accumulated depreciation of $16,000. The city paid $110,000 for the new store fixtures. These new fixtures had a market value of $113,000. There is a loss of $33,000 on this exchange. True or false?

Mordica company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $156,960, $382,800, and $84,640, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,180, machine hours 25,520, and number of inspections 1,840. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection