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Posted on Aug 31, 2024

Novak Company purchased an electric wax melter on April 3 0 , 2 0 2 5 , by trading in its old gas model and

Novak Company purchased an electric wax melter on April

30, 2025,

by trading in its old gas model and paying the balance in cash. The following data relate to the purchase.

\

table

[[

List price of new melter,$

23, 700

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