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Grouper Company exchanges old delivery equipment for new delivery equipment. The book value of the old delivery equipment $50,700(cost $80,700 less accumulated depreciation $30,000) Its
Grouper Company exchanges old delivery equipment for new delivery equipment. The book value of the old delivery equipment $50,700(cost $80,700 less accumulated depreciation $30,000) Its fair value is $22,300 and cash of $6,700 is paid
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
