Homework Answers
| Part a | |||
| China Inn | |||
| Delivery truck (new) | 17000 | ||
| Accumulated dep. | 25000 | ||
| Loss on exchange | 1000 | (Balancing figure ) | |
| euipment (old) | 35000 | ||
| Cash | 8000 | ||
| China Inn will record delivery truck at $ 17000. | |||
| Part b | |||
| $ 1000 loss is recognised | |||
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How did i solve this excel problem wrong? I added
them all up at the end but did not get an equal result. Where did i
messed up and how do i solve the problem?
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