Business, 02.06.2020 21:58 dria40

New World Deli exchanged land for a more suitable parcel of land to be used for a new restaurant. New World Deli reported the old land at its original cost of $85,000. According to an independent appraisal, the old land currently is worth $110,000. New World Deli paid $15,000 in cash to complete the transaction. Required:Record the exchange.

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New World Deli exchanged land for a more suitable parcel of land to be used for a new restaurant. Ne...

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