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Trade-Ins Dietz Owned a Delivery Van with a Book Value of of $2,000

Question 46

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Trade-ins
Dietz owned a delivery van with a book value of $2,000. It traded this old van in on a new one which cost $16,000. The dealer allowed Dietz a trade-in allowance of $3,500 on the old van, and Dietz paid the remainder in cash.
Compute the following:
Trade-ins Dietz owned a delivery van with a book value of $2,000. It traded this old van in on a new one which cost $16,000. The dealer allowed Dietz a trade-in allowance of $3,500 on the old van, and Dietz paid the remainder in cash. Compute the following:

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