The company trade a road grader with a fair market value of, Ask an Expert

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The company trade a road grader with a fair market value of $72,000. for a bulldozer worth $60,000. Harlow receives $12,000.in the exchange. The road grader originally cost $90,000. and has an adjusted basis of $50,000. The bulldozer cost $85,000.,and its adjusted basis is $37,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9946673

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