Business, 20.06.2020 23:57 nila49

Johnson and Johnson Company is considering a new drilling machine for its production plant to replace an old drilling machine that originally cost $10,000 and has $7,000 of accumulated depreciation. The new machine can be purchased at a cash cost of $16,000, but the distributor of the new drilling machine has offered to take the old machine in as a trade-in, thereby reducing the cost of the new machine to $14,000. Based only on this information, calculate the total relevant cost of acquiring the new machine. A. $16,000, or the gross cost of the new machine B. $14,000, or the net cash paid plus the book value ($3,000) of the old machine C. $14,000, or the net cash paid to the distributor D. $16,000, or the gross cost of the new machine minus the $1,000 loss on disposing of the old machine

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 05:30

From a business perspective, an information system provides a solution to a problem or challenge facing a firm and represents a combination of management, organization, and technology elements. the organization's hierarchy, functional specialties, business processes, culture, and political interest groups are components of which element of information systems?

Answers: 1

Answer

Business, 22.06.2019 12:20

Consider 8.5 percent swiss franc/u.s. dollar dual-currency bonds that pay $666.67 at maturity per sf1,000 of par value. it sells at par. what is the implicit sf/$ exchange rate at maturity? will the investor be better or worse off at maturity if the actual sf/$ exchange rate is sf1.35/$1.00

Answers: 2

Answer

Business, 22.06.2019 18:00

On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?

Answers: 1

Answer

Business, 22.06.2019 19:00

Question 55 ted, a supervisor for jack's pool supplies, was accused of stealing pool supplies and selling them to friends and relatives at reduced prices. given ted's earlier track record, he was not fired immediately. the authorities decided to give him an administrative leave, without pay, until the investigation was complete. in view of the given information, it would be most appropriate to say that ted was: demoted. discharged. suspended. dismissed.

Answers: 2

Answer

You know the right answer?

Johnson and Johnson Company is considering a new drilling machine for its production plant to replac...

Questions