Business, 17.08.2019 20:10 wrms8379

Acompany's old machine that cost $30,000 and had accumulated depreciation of $22,500 was traded in on a new machine of like purpose having an estimated 20-year life with an invoice price of $38,500. the company also paid $33,000 cash, along with its old machine to acquire the new machine. assuming that this transaction has commercial substance, the new machine should be recorded at

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Acompany's old machine that cost $30,000 and had accumulated depreciation of $22,500 was traded in o...

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