A company purchased equipment valued at $145 000 It traded in old equipment for a $61,000 trade in allowance and the company paid $84,000 cash with the trade in The old equipment cost $130,000 and had accumulated depreciation of $78,000 This transaction has commercial substance What is the recorde...

Given Value of new equipment received 145000 Cost of the old equipment 13 ...

A company purchased equipment valued at $145.000. It traded in old equipment for a $61,000 trade-in...

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Accounting Principles

ISBN: 978-1119048503

7th Canadian Edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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A company purchased equipment valued at $145.000. It traded in old equipment for a $61,000 trade-in...

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