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Business, 04.07.2021 05:50 drakesmith43

A company purchased equipment valued at $66000. It traded in old equipment for a $9000 trade-in. The old equipment cost $44000 and accumulated depreciation of $36000. This transaction has commercial substance. What is the recorded value of the new equipment?

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A company purchased equipment valued at $66000. It traded in old equipment for a $9000 trade-in. The...
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