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During the current year,a company acquired a new computer with a cash price of $12,800 by exchanging an old one on which the company received a $1,500 trade-in allowance (with the balance of $11,300 paid in cash).The old computer cost $9,000 and its accumulated depreciation was $5,500 as of the exchange date.Assuming the exchange transaction had commercial substance,prepare the journal entry to record the exchange.
Referral
The process of directing someone to another professional or agency for additional services or expertise.
Lab
A workplace for the conduct of scientific research, experiments, and testing.
Modified Wave
A scheduling strategy used in healthcare settings designed to optimize patient flow and reduce waiting times.
Streaming
The process of transmitting or receiving data (especially video and audio material) over the internet in a continuous flow.
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