The stock recently traded at 400 per share the machine cost


Question - A machine is acquired in exchange for 50 shares of Marley Corporation capital stock. The stock recently traded at $400 per share. The machine cost $30,000 three years ago. At what amount should the machine be recorded?

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Accounting Basics: The stock recently traded at 400 per share the machine cost
Reference No:- TGS02885425

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