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On January 2, 2010, Mack Delivery Company Traded in an Old

Question 47

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On January 2, 2010, Mack Delivery Company traded in an old delivery truck for a newer model.Data relative to the old and new trucks follow: On January 2, 2010, Mack Delivery Company traded in an old delivery truck for a newer model.Data relative to the old and new trucks follow: What should be the cost of the new truck for financial accounting purposes? A) $22,000. B) $27,000. C) $28,000. D) $30,000. What should be the cost of the new truck for financial accounting purposes?


A) $22,000.
B) $27,000.
C) $28,000.
D) $30,000.

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