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  • 04-07-2021
  • Business
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A company purchased equipment valued at $66000. It traded in old equipment for a $9000 trade in allowance. The old equipment cost $44000 and accumulated depreciation of $36000. This transaction has commercial substance. What is the recorded value of the new equipment?

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Babygirlviolet21
Babygirlviolet21 Babygirlviolet21
  • 06-07-2021

Answer:

11000.

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