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On January 2, 2014, York Corp

Question 168

Multiple Choice

On January 2, 2014, York Corp. replaced its boiler with a more efficient one. The following information was available on that date: On January 2, 2014, York Corp. replaced its boiler with a more efficient one. The following information was available on that date: The old boiler was sold for $4,000. What amount should York capitalize as the cost of the new boiler? A) $160,000. B) $154,000. C) $150,000. D) $140,000. The old boiler was sold for $4,000. What amount should York capitalize as the cost of the new boiler?


A) $160,000.
B) $154,000.
C) $150,000.
D) $140,000.

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