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Business, 06.12.2019 02:31 castor1358

Acompany bought a new display case for $42,000 and was given a trade-in of $2,000 on an old display case, so the company paid $40,000 cash with the trade-in. the old case 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 display case at:

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Acompany bought a new display case for $42,000 and was given a trade-in of $2,000 on an old display...

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