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company traded an old forklift for a new forklift, receiving a$13,500 trade-in allowance and paying the remaining $47,200 incash. The old forklift had cost $43,000,

company traded an old forklift for a new forklift, receiving a$13,500 trade-in allowance and paying the remaining $47,200 incash. The old forklift had cost $43,000, a 5-year useful life and a$5,000 1 answer

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