Question
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
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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
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$0.
$42,000.
$44,000.
$41,000
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Clinical Audit In Physiotherapy From Theory Into Practice
Authors: Sue Barnard MSc MCSP, Gayle Hartigan
1st Edition
075063779X, 978-0750637794
