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On April 1 of the current year,a company traded an old machine that originally cost $32,000 and that had accumulated depreciation of $24,000 for a similar new machine that had a cash price of $40,000.
a.Give the entry to record the exchange under the assumption that a $5,000 trade-in allowance was received and the balance of $35,000 was paid in cash.
b.Give the entry to record the exchange under the assumption that instead of a $5,000 trade-in allowance,a $12,500 trade-in allowance was received and the balance of $27,500 was paid in cash.
Comorbid
The co-occurrence of two or more disorders or diseases in the same individual.
Mood Disorders
A category of psychiatric disorders characterized by a disturbance in mood or emotional state, including conditions like depression and bipolar disorder.
Childhood Schizophrenia
A rare and severe form of schizophrenia that manifests in children under the age of 13, characterized by hallucinations, delusions, and disordered thinking.
Dialectical Behaviour Therapy
One of the cognitive-behavioural approaches to treatment of borderline personality disorder
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