A company bought a new display case for 42000 and was given

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A company bought a new display case for $42,000 and was given a trade-in of $3,500 on an old display case, so the company paid $38,500 cash with the trade-in. The old case had an original cost of $35,500 and accumulated depreciation of $28,000. The company should record the new display case at?

Reference no: EM13577982

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