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Bronwyn's Computer Shop purchased some new equipment by trading in old...

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Accounting

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Bronwyn's Computer Shop purchased some new equipment by trading in old equipment with a carrying amount of $10 000. Cash of $8 000 was paid to the supplier and a trade-in allowance of $7 ooo was granted. The new equipment should be recorded at: 7 O $15000 $7000 O $8000 O $10 000

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