Pina Colada Corp. exchanges old delivery equipment for new delivery equipment. The book value of...
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Accounting
Pina Colada Corp. exchanges old delivery equipment for new delivery equipment. The book value of the old delivery equipment is $cost $ less accumulated depreciation $ Its fair value is $ and cash of $ is paid.
Prepare the entry to record the exchange. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts.
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Debit
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