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Business, 12.11.2019 05:31 alexfvdsdfgfd8151
Afixed asset with a cost of $41,000 and accumulated depreciation of $36,000 is traded for a similar asset priced at $50,000 (fair market value) in a transaction with commercial substance. assuming a trade-in allowance of $4,000, at what cost will the new equipment be recorded in the books?
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Afixed asset with a cost of $41,000 and accumulated depreciation of $36,000 is traded for a similar...
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