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A . 3 Skysong Inc. traded a used vehicle ( cost $ 2 3 , 2 0 0 , accumulated depreciation $ 2 0 ,

A.3 Skysong Inc. traded a used vehicle (cost $23,200, accumulated depreciation $20,500) for another used vehicle with a fair value of $3,490. Skysong also paid $310 cash in the transaction.Prepare the journal entry to record the exchange, assuming the transaction lacks commercial substance.

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