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ABC Co. renders service to a customer in exchange for equipment. The equipment has a fair value of 80,000 and a carrying amount of 100,000

ABC Co. renders service to a customer in exchange for equipment. The equipment has a fair value of 80,000 and a carrying amount of 100,000 in the customer's books of accounts. ABC Co. normally bills 72,000 for the service. How much revenue is recognized from the transaction

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