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Traded in old office equipment with book value of $40000 (cost of $132000 and accumulated depreciation of $92000) for new...

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Traded in old office equipment with book value of $40000 (cost of $132000 and accumulated depreciation of $92000) for new equipment. Chung also paid $80000 in cash. Fair value of the new equipment is $119000
    • 8 years ago
    • 999999.99
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