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Hunter Sailing Company exchanged an old sailboat for a new one. The old sailboat had...

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Accounting

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Hunter Sailing Company exchanged an old sailboat for a new one. The old sailboat had a cost of $270,000 and accumulated depreciation of $135.000 The new sailboat had an invoice price of $282.000. Hunter received a trade in allowance of $47000 on the bid sa boat, which meant the company paid $135.000 in addition to the old sailboat to acquire the new salboat is transaction has commercial substance, what amount of gain or loss should be recorded on this exchange? Mutide Choice $135.000 loss 50 orios $12.000 loss 30.000 NO 8 2 3 s 4 1 5 6 7 u 9 8 W E R T Y U 0 S D F G H J L C V > B N. M

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