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ACCT 202 - FALL 2023 - EXAM 3 P9 PART G (12 POINTS) Addens Company traded in a truck that cost $90,000 and had $50,000
ACCT 202 - FALL 2023 - EXAM 3 P9 PART G (12 POINTS) Addens Company traded in a truck that cost $90,000 and had $50,000 of accumulated depreciation on a new truck with a price of $120,000. The company received $45,000 trade-in for the old truck. The transaction is considered a like-kind exchange. Prepare the journal entry to record the transaction: Account ADDENS COMPANY GENERAL JOURNAL Debit Credit
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Accounting and Auditing Research Tools and Strategies
Authors: Thomas Weirich, Thomas Pearson, Natalie Tatiana
9th edition
1119441915, 1119441919, 978-1-119-3737, 9781119373629 , 978-1119441915
