Question
QUESTION 26 Rory City traded in a used pickup for a new pickup truck with a sticker price of $44,000. The old pickup had a
QUESTION 26
Rory City traded in a used pickup for a new pickup truck with a sticker price of $44,000. The old pickup had a fair value of $26,000, historical cost of $47,000, and accumulated depreciation of $18,000. The dealer took the old truck and $15,000 for the new truck. The new truck should be reported on the general fund financial statements at
- $0.
- $42,000.
- $44,000.
- $41,000
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Microsoft Excel For Accounting The First Course
Authors: L Murphy Smith, Katherine Smith
1st Edition
0130085529, 978-0130085528
