A machine cost $360,000, has annual depreciation of $60,000 and has accumulated depreciation of $270,000 on December 31, 2012. On April 1, 2013 when the machine has a fair value of $82,500 it is exchanged for a machine with a fair value of $405,000 and the proper amount of cash is paid. The exchange lacked commercial substance.
The new machine should be recorded at
A. 322,500
B. 367,500
C. 397,500
D. 405,000

The gain to be recorded on thee exchange is
A. $7,500 loss
B. 0
C. 15,000 gain
D. 45,000 gain

you can lose ranking 2 ways.

1) you don't have enough points due to you expending them by asking questions/your answers are deleted.

2) your brainliest's expired. this means that brainliests, once they exceed the 30 day limit, expires. this is to ensure that you continue to contribute into the community at a constant rank if you want to continue to have/exceed the rank you have right now.

if you go to profile, and click "show more information" located on the bottom left of the box with your information (on top of the questions answered, questions asked, and friends), you will be given the following information (example):

member since : 02/13/2017, 18: 11

questions answered: 9741

questions asked: 162

no. of brainliest answers: 1575

brainliest answers in last 30 days: 10

warnings: 0 view

questions/answers reported: 2637

questions/answers incorrectly reported: 64

look at the "brainliest answers in the last 30 days". this is the one that will affect your rank other than your points. again, once your brainliest expires (was earned 31+ days ago), it will not be counted.

~

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top-level manager

me later < 3