Your company is in the business of selling new pickup trucks that average in price...
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Accounting
Your company is in the business of selling new pickup trucks that average in price from $10,000 to $15,000. The company decides to purchase an antique sports car for $100,000 to sell at a future date at a profit. How would the antique car be treated at the time of purchase and sale versus the pickup trucks? Should it be different and why?
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