Acompany purchased equipment valued at $136,000. it traded in old equipment for a $115,000 trade-in allowance and the company paid $21,000 cash with the trade-in. the old equipment cost $120,000 and had accumulated depreciation of $24,000. this transaction has commercial substance.
what is the recorded value of the new equipment? a. $115,000.b. $21,000.c. $136,000.d. $96,000.e. $117,000.
Answers: 2
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Business, 22.06.2019 16:10
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Acompany purchased equipment valued at $136,000. it traded in old equipment for a $115,000 trade-in...
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