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Business, 19.12.2019 01:31 lemmeboiz43

On january 2, novation corp. replaced its boiler with a more efficient one. the following information was available on that date: purchase price of new boiler $120,000 carrying amount of old boiler 10,000 fair value of old boiler 4,000 installation cost of new boiler 16,000 the old boiler was sold for $4,000. what amount should novation capitalize as the cost of the new boiler?

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On january 2, novation corp. replaced its boiler with a more efficient one. the following informatio...
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