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Business, 10.03.2020 22:17 sairaanwar67

A company bought new heating system for $42,000 and was given a trade-in of $2,000 on an old heating system, so the company paid $40,000 cash with the trade-in. The old system had an original cost of $37,000 and accumulated depreciation of $34,000. If the transaction has commercial substance, the company should record the new heating system at:

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A company bought new heating system for $42,000 and was given a trade-in of $2,000 on an old heating...
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