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Corans delivery company and Enrights express delivery changed delivery trucks on Jan 1, 2010. Coran's truck cost $22,000. It has accumulated depreciation of $15,000 and a fair market value of $4000. Enrights truck cost $10,000. It has accumulated depreciation of $8,000 and a fair market value of $4,000. The transaction has commercial substance.
A) Journalize the exchange for Coran's Delivery company.
B) Journalize the exchange for Enright's Express delivery.
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Below is the summary of the subsidiary's expected pre-tax cash flows for the first five years in each location. Even though most operating cash flows will be in pesos or bahts, the company anticipates some US dollar denominated expenses.
Compute the number of units of each product that Yard Tools must sell in order to break even under this product mix.
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