
Concept explainers
Exchange of plant assets: It refers to the purchase of new plant assets in exchange of old plant assets.
Commercial substance: It means that the exchange of the plant asset cause changes in the future
To Journalize: the exchange of office equipment of L Company.
To Journalize: the
To Journalize: the sale of equipment sold by L Company.
To Journalize: the depreciation expense for office equipment.

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Chapter 9 Solutions
Horngren's Financial & Managerial Accounting, Student Value Edition (6th Edition)
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