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Business, 04.12.2020 17:00 rtorres3

A company bought new heating system for $64,000 and was given a trade-in of $3,400 on an old heating system, so the company paid $60,600 cash with the trade-in. The old system had an original cost of $57,800 and accumulated depreciation of $52,200. If the transaction has commercial substance, the company should record the new heating system at:

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A company bought new heating system for $64,000 and was given a trade-in of $3,400 on an old heating...

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