Question: Please ad explanation Question 1.9 (4 points) World, Corp.trades in new for old equipment. The cost of the old equipment was $52,000, and accumulated depreciation

Please ad explanation Question 1.9 (4 points) World, Corp.trades in new

Please ad explanation

Question 1.9 (4 points) World, Corp.trades in new for old equipment. The cost of the old equipment was $52,000, and accumulated depreciation at the trade-in date is $35,000. The company pays an additional $30,000 for the new equipment. The journal entry to record the trade-in will debit Equipment for: A. $30,000. B. $47,000. C. $52,000. D. $82,000

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