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A company purchased equipment valued at $219,000. It traded in c equipment for a $101,000 trade-in allowance and the company paid $118,000 cash with the

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A company purchased equipment valued at $219,000. It traded in c equipment for a $101,000 trade-in allowance and the company paid $118,000 cash with the trade-in. The old equipment cost $190,000 a had accumulated depreciation of $95,000. This transaction has commercial substance. What is the recorded value of the new equipment? Multiple Choice $95.000 $101,000. $118,000. $213,00O $219.000

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