Business, 20.03.2020 18:17, carolinasoto

A company decides to exchange old equipment with book value of $81,000 ($150,000 cost less accumulated depreciation of $69,000) for new equipment with a fair market value of $220,000. The company paid $129,000 cash as part of the deal. The entry to record the new equipment would include a .

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A company decides to exchange old equipment with book value of $81,000 ($150,000 cost less accumulat...