Business, 08.11.2019 00:31, laurenrubin18

On december 31, slugger batting cages company decides to trade in one of its batting cages for another one that has a cost of $500,000. the seller of the batting cage is willing to allow a trade-in amount of $12,000. the initial cost of the old equipment was $225,000 with an accumulated depreciation of $195,000. depreciation has been taken up to the end of the year. the difference will be paid in cash. what is the amount of boot in this transaction? a. loss of $12,000b. gain of $12,000c. loss of $18,000d. no loss or gain

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On december 31, slugger batting cages company decides to trade in one of its batting cages for anoth...