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Business, 14.04.2020 23:48 HugoArellano

Flint Corporation traded a used truck (cost $21,600, accumulated depreciation $19,440) for a small computer with a fair value of $3,564. Flint also paid $540 in the transaction. Prepare the journal entry to record the exchange, assuming the exchange lacks commercial substance

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Flint Corporation traded a used truck (cost $21,600, accumulated depreciation $19,440) for a small c...

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