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The new garbage truck would be recorded in the general

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Assume that a governmental entity acquires a new garbage truck. The garbage truck normally costs $189,000. The vendor allowed a $30,000 allowance with the trade-in of the entity's old garbage truck, which had a net book value of $42,000.

The government financed the balance with a short-term bank note. The new garbage truck would be recorded in the General Capital Assets account at ?

Reference no: EM132315294

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