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(3) Assume that the following cases are independent and rely on the following data. Make entries on the books of both companies. Wendy Co. Juan

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(3) Assume that the following cases are independent and rely on the following data. Make entries on the books of both companies. Wendy Co. Juan Co. Equipment (cost) $2,700,000 $4,950,000 Accumulated depreciation 870,000 2,700,000 Fair value of equipment 2,100,000 2,100,000 Assume that the Economic Substance Assume no economic substance

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