16.6. Equipment that was acquired at a cost of $5,000 has an accumulated depreciation of $3,800. It...
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16.6. Equipment that was acquired at a cost of $5,000 has an accumulated depreciation of $3,800. It is traded in for similar equipment costing $8,400, and a trade-in allowance of $1,500 is received. Present the entry to record the acquisition of the new equipment.
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Related Book For 
Schaums Outline Of Principles Of Accounting I
ISBN: 978-0070381490
5th Edition
Authors: Joel Lerner ,James Cashin
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