Holyfield Corporation wishes to exchange a machine used in its operations. Holyfield has received the following offers from other companies in the industry. 1. Dorsett Company offered to exchange a si 1

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Holyfield Corporation wishes to diversify a medium used in its operations.

Holyfield has current the subjoined offers from other companies in the assiduity.

1. Dorsett Sodality offered to diversify a harmonious medium plus $23,000. (The diversify has interchangeable essential for twain parties.)

2. Winston Sodality offered to diversify a harmonious medium. (The diversify lacks interchangeable essential for twain parties.)

3. Liston Sodality offered to diversify a harmonious medium, but wanted $3,000 in analysis to Holyfield’s medium. (The diversify has interchangeable essential for twain parties.)

In analysis, Holyfield contacted Greeley Corporation, a dealer in mediums. To get a new medium,

Holyfield must pay $93,000 in analysis to trading in its old medium.

Date Amount

July 30, 2014 $ 900,000

January 30, 2015 1,500,000

May 30, 2015 1,600,000

Total payments $4,000,000

Holyfield Dorsett Winston Liston Greeley

Machine require $160,000 $120,000 $152,000 $160,000 $130,000

Accumulated diminution 60,000 45,000 71,000 75,000 –0–

Fair appraise 92,000 69,000 92,000 95,000 185,000

Instructions

For each of the indelicate refractory situations, provide the register entries to archives the diversify on the books of each sodality.


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