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In 2010. Amalfi Inc purchase equipment with an estimated salvage value Amalfi uses and OOBveWHW On April 18. 2012. Amalfi its plants and equipment for

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In 2010. Amalfi Inc purchase equipment with an estimated salvage value Amalfi uses and OOBveWHW On April 18. 2012. Amalfi its plants and equipment for $33.600 Under these assumptions. compute the following for this equipment Dietz owned a delivery van with a book value of $2,000 It traded this old van in on a new one which cost $16,000'. The dealer allowed Dietz a trade-in allowance of $3,500 on the old van. and Dietz paid the remainder in cash The gain that Diet/should report on its financial statements The amount of cash Diet/has to come up with to buy the new van

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