SportsWorld bought a new display case for $12,000 and was given a trade-in of $2,000 on an old display case. The old case had an original cost of $7,000 and accumulateddepreciation of $4,000 to the date of trade-in. SportsWorld should record the new display case at:

Question

Quizplus · Accepted Answer

The Answer of SportsWorld bought a new display case for $12,000 and was given a trade-in of $2,000 on an old display case. The old case had an original cost of $7,000 and accumulateddepreciation of $4,000 to the date of trade-in. SportsWorld should record the new display case at:

SportsWorld Bought a New Display Case for $12,000 and Was