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31 December, 09:00

A copy machine was purchased for $35,000 and had accumulated depreciation of $24,000. The machine was traded in for a new one that had a sticker price of $50,000. The vendor agreed to give a trade-in allowance for the old equipment in the amount of $9,000. How much will the company need to pay in cash, and what is the amount of the gain or loss?

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Answers (1)
  1. 31 December, 12:39
    0
    39000

    Explanation:

    loose 24000
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