Business, 09.10.2019 00:20 dmoney34

Pierce corporation exchanged old equipment for new equipment. the original cost of the old equipment was $120,000, and its accumulated depreciation at the date of exchange was $40,000. the new equipment received had a fair value of $50,000 and a book value of $32,000. the journal entry to record this exchange will include which of the following entries

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Pierce corporation exchanged old equipment for new equipment. the original cost of the old equipment...