The stock recently traded at 400 per share the machine cost
Question - A machine is acquired in exchange for 50 shares of Marley Corporation capital stock. The stock recently traded at $400 per share. The machine cost $30,000 three years ago. At what amount should the machine be recorded?
Now Priced at $20 (50% Discount)
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question - a machine is acquired in exchange for 50 shares of marley corporation capital stock the stock recently
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