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Business, 05.05.2020 04:20 ladybugys

On January 2, 2020, Oriole Company replaced its boiler with a more efficient one. The following information was available on that date: Purchase price of new boiler $143500 Carrying amount of old boiler 9700 Fair value of old boiler 4700 Installation cost of new boiler 19800 The old boiler was sold for $4700. What amount should Oriole capitalize as the cost of the new boiler

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On January 2, 2020, Oriole Company replaced its boiler with a more efficient one. The following info...
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