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Hello! I need help with the entry for recording a new vehicle purchase when an older vehicle was used as a trade-in.
Ex.: 41,688 New Purchase
3,925 Taxes/Fees - New Purchase
45,613 Total
12,000 Used Car Allowance
2,000 Rebate
9,160 Amount Paid Off - Trade-In Vehicle
40,773 New Balance of New Purchase
Trade-In vehicle was fully depreciated at $18,132.
THANK-YOU!! for all your help. MUCH APPRECIATED!
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