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    margaretleeroge's Avatar
    margaretleeroge Posts: 1, Reputation: 1
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    #1

    Mar 19, 2015, 03:18 PM
    Journal copier trade in allowance
    Upgraded copier for $1000 allowance, what is the entry?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Mar 21, 2015, 03:47 AM
    what is the status of the former copier, asset? If so debit assets for value of the new copier, credit assets for the value of the old copier, credit cash for the difference, debit accumulated depreciation and credit/debit profit/loss on disposal
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