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Company A exchanges its old machine for a newer model. The old machines book value is 10K, original cost 15K less 5K accumulated depreciation FV @...
Company A exchanges its old machine for a newer model. The old machines book value is 10K, original cost 15K less 5K accumulated depreciation FV @ 8K. The new machine is listed at 20K. The supplier gives a 10K trade-in-allowance for the old machine
