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Journalize the entry for Company A's exchange of older equipment for a new model. The transaction has commercial substance. Cost of old equipment 497,000 Accumulated

Journalize the entry for Company A's exchange of older equipment for a new model. The transaction has commercial substance. Cost of old equipment 497,000 Accumulated depreciation on old equipment 270,000 Fair value of old equipment 252,000 Company A paid additional cash 61,000

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