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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?
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?
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sws20501
Level 1
02-26-2022
11:19 AM
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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
02-26-2022
11:20 AM
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It's treated like it was sold for the trade-in value.
Slava Ukraini!
