A new drill press was purchased for $148,000 by trading in a similar machine that had a book value of $46,220. Assuming that the trade-in allowance is $40,000 and that $108,000 cash is to be paid for the new asset, what is the cost basis of the new asset for depreciation purposes?

i think it is sales-oriented, but i am not sure

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answer social mobility;