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Business, 26.11.2019 02:31 carlydays4403

Acompany's old machine, which cost $45,000 and had accumulated depreciation of $34,500, was traded in on a new machine of like purpose having an estimated 20-year life with an invoice price of $55,000. the company also paid $48,000 cash, along with its old machine to acquire the new machine. the value of new machine should be recorded at:

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Acompany's old machine, which cost $45,000 and had accumulated depreciation of $34,500, was traded i...
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