Business, 18.11.2019 21:31, matthewquattlebum

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.$18,000 b.$500,000 c.$470,000 d.$488,000

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