9. Saltman Company traded in an electric motor for a new one priced at $5.200, receiving a...
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9. Saltman Company traded in an electric motor for a new one priced at $5.200, receiving a trade-in allowance of $600 and paying the balance in cash. For the old motor, the cost and accumulated depreciation were $3,800 and $3,400, respectively. What is the entry needed to record the acquisition?
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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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