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Use the information below for the following four questions: Klopp Co. and Zidane co traded...

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Accounting

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Use the information below for the following four questions: Klopp Co. and Zidane co traded the below equipment: Equipment (Original Cost) Accumulated Depreciation Klopp Co. $450.000 345.000 Zidane Co. $825.000 615.000 Zidane gave its machine for an agreed upon price of $278.000 and received $32,000 cash in the exchange If the exchange does not change future cash flows of either company, the entry on Klopp's books Show calculations to receive credit. Highlight the table below and copy paste it to the text box below to add your answers it. Be sure to highlight the table only and not the entire page when you copy/paste. Svend Sent If the exchange does not change future cash flows of either company, the entry on Zidane's books: Show calculations to receive credit. Highlight the table below and copy/paste it to the text box below to add your answers it. Be sure to highlight the table only and not the entire page when you copy/paste. Account Title Debit Credit

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