Business, 13.11.2019 18:31 alissa64

Acompany's old machine that cost $41,000 and had accumulated depreciation of $30,900 was traded in on a new machine having an estimated 20-year life with an invoice price of $51,100. the company also paid $43,900 cash, along with its old machine to acquire the new machine. if this transaction has commercial substance, the new machine should be recorded at:

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Acompany's old machine that cost $41,000 and had accumulated depreciation of $30,900 was traded in o...

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