Cannondale's fiscal year ends on December 31, and depreciation has been recorded through December 31, 2019. Prepare the journal entry(ies) necessary to record this exchange, assuming that the exchange (a) has commercial substance, and (b) lacks commercial substance. Are they price sensitive Are they looking for. These are located in Mesopotamia, Nile valley, Indus Valley, Wei-huang valley, Ganges valley, Mesoamerica, West Africa. Next, identify what is important to your customers and rank these on a scale of high, medium, low or not at all. List price of new melter $ 15,800 Cash paid 10,000 Cost of old melter (5-year life, $700 salvage value) 11,200 Accumulated depreciation-old melter (straight-line) 6,300 Secondhand fair value of old melter 5,200 \begin& There are seven original cultural hearths. The following data relate to the purchase. Cannondale Company purchased an electric wax melter on April 30, 2020, by trading in its old gas model and paying the balance in cash.
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