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Business, 27.04.2021 14:50 tahmidtaj150

A machine cost $1104000, has annual depreciation of $184000, and has accumulated depreciation of $874000 on December 31, 2020. On April 1, 2021, when the machine has a fair value of $253000, it is exchanged for a machine with a fair value of $1242000 and the proper amount of cash is paid. The exchange had commercial substance. The new machine should be recorded at $1127000. $1242000. $989000. $1219000.

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A machine cost $1104000, has annual depreciation of $184000, and has accumulated depreciation of $87...
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