Question

When a seller allows a buyer an amount for old equipment traded in for new equipment having a similar use, this amount is called boot. the trade-in allowance. commercial substance. None of these choices are correct.

Answer 1

the trade-in allowance

Step-by-step explanation:

The trade in allowance refers to the allowance in which the price of the new product would be fall with respect to providing with the old product. In other words we can say as a deal

Here the seller permitted the buyer for old equipment that is traded for the new equipment that contains the same usage so this we called the trade in allowance and therefore the same is to be considered