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what do you do with the disposition of one piece of equipment when it is traded in on another? What is the cost basis for the second piece?

sws20501
Level 1

Equipment #1 is traded in on Equipment #2.   How is the disposition of piece 1 handled and what becomes the cost basis of #2

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1 Comment 1
IRonMaN
Level 15

It's treated like it was sold for the trade-in value.


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