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under the federal income tax method in recording a trade-in of a like-kind asset, at what amount is the new asset recorded? fair value, the
under the federal income tax method in recording a trade-in of a like-kind asset, at what amount is the new asset recorded? fair value, the sum of the book value of the old plus the cash paid, the cash paid in the transaction, the sum of the fair value of the old plus the cash paid
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