Discuss the amount that should be recorded by crow, Accounting Basics

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Discuss the amount that should be recorded by crow

Crow Co. purchased some of the machinery of Hare, Inc., a bankrupt competitor, at a liquidation sale for a total cost of $33,600. Crow's cost of moving and installing the machinery totaled $3,200. The following data are available: Item-Hares net book value/List price of same item/Appraisers Estimate fair value Punch press-$20,160/$36,000/$24,000 Lathe-16,128/18,000/12,000 Welder-4,032/6,000/4,000

Required: a. Calculate the amount that should be recorded by crow Co. as the cost of each piece of equipment.

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Accounting Basics: Discuss the amount that should be recorded by crow

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Accounting Basics: Discuss the amount that should be recorded by crow

Reference No:- TGS0714543

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Estimate the mean of the time-to-failure

Q : Liabilities of a company increased

Q : How to compare the two companies cost structure

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Q : Discuss the amount that should be recorded by crow

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Discuss the amount that should be recorded by crow

Reference No:- TGS0714543

Recent Questions Asked Accounting Basics

Q : Estimate the mean of the time-to-failure

Q : Liabilities of a company increased

Q : How to compare the two companies cost structure

Q : Sell the company similar wheels

Q : Discuss the amount that should be recorded by crow

Q : Determine the wavelength of the scattered photon

Q : Calculate the internal rate of return

Q : Calculate minimum transfer price that should be charged

Q : Laura corporation is considering the purchase

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