It can be argued that marijuana regulation should up to the…

It can be argued that marijuana regulation should up to the federal government or the state governments because each can make a claim under the Constitution.  The 10th Amendment gives states powers not specifically delegated to the federal government and the federal government has the power to regulate interstate commerce and enforce federal drug laws.  These conflicting ideas represent what Constitutional principle?   

Red River Outdoor Ltd. replaced the roof membrane on a manuf…

Red River Outdoor Ltd. replaced the roof membrane on a manufacturing facility for $140,000. The original roof had been capitalized at $120,000 with accumulated depreciation of $95,000 at the replacement date. Engineers indicated that the new roof is a significant component and extends the asset’s remaining service potential. What is the correct accounting impact?

Lakeshore Packaging Inc. replaced a failed motor on a high-s…

Lakeshore Packaging Inc. replaced a failed motor on a high-speed processing line. The new motor cost $52,000, and installation cost $3,500. The old motor had a remaining carrying amount of $9,000. The replacement increases output capacity compared to the original motor. How should Lakeshore record the replacement?

Skyline Engineering Ltd. sells equipment with a cost of $950…

Skyline Engineering Ltd. sells equipment with a cost of $950,000 and accumulated depreciation of $430,000. The buyer pays $440,000, but Skyline must cover $12,000 in decommissioning and transport costs as part of the sale agreement. What gain or loss should be recognized?