Business, 15.04.2020 03:12, blink182lovgabbie

A company purchased equipment valued at $311,000. It traded in old equipment for a $146,000 trade-in allowance and the company paid $165,000 cash with the trade-in. The old equipment cost $290,000 and had accumulated depreciation of $145,000. This transaction has commercial substance. What is the recorded value of the new equipment?

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A company purchased equipment valued at $311,000. It traded in old equipment for a $146,000 trade-in...