Discussion Post
Imagine you are the accounting manager for a manufacturing company's fixed assets department. The CFO is assessing the benefits of acquiring a new John Deere Tractor and Elite Combine and disposing of similar used equipment. The CFO has asked you to do the following:
1) Explain the effect of each transaction on the financial statements.
2) Explain how the substance and asset and/or monetary exchange affect the reporting of the transaction and the financial statements.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.