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Current Attempt in Progress Equipment that cost $554400 and has accumulated depreciation of 5252000 is exchanged for equipment with a fair value of $403200 and

Current Attempt in Progress Equipment that cost $554400 and has accumulated depreciation of 5252000 is exchanged for equipment with a fair value of $403200 and $100300 cash is received. The exchange backed commercial substand The new equipment should be recorded at $241920 $403200 $252000 $201600

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