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A company that traded in an old machine for a new one provided the following amounts: Gain on disposal, $2,000 Fair value of the old
A company that traded in an old machine for a new one provided the following amounts: Gain on disposal, $2,000 Fair value of the old machine, $10,000 Cash paid for the new machine, $32,000 Accumulated depreciation, old machine, $22,000 What should be the original cost of the old machine?
A) $32,00
B) $42,000
C) $30,000
D) $34,000
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