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Business, 25.04.2020 02:08 janyiareese12

Equipment was acquired for $210,000 and has accumulated depreciation of$93,000. The business exchanges this equipment for new equipment. The new equipment has a market value of $304,000 and the business pays $52,000 cash. Assume the exchange has commercial substance. The exchange results in .

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Equipment was acquired for $210,000 and has accumulated depreciation of$93,000. The business exchang...

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