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Business, 05.12.2019 05:31 maliyahclays

Acompany bought new heating system for $52,000 and was given a trade-in of $2,200 on an old heating system, so the company paid $49,800 cash with the trade-in. the old system had an original cost of $46,400 and accumulated depreciation of $42,600. if the transaction has commercial substance, the company should record the new heating system

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Acompany bought new heating system for $52,000 and was given a trade-in of $2,200 on an old heating...

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