Question
ABC Inc. Traded a used truck (cost $20,000, accumulated depreciation $18,000) for a small computer worth $3,300. ABC Inc. also paid $500 in the transaction.
ABC Inc. Traded a used truck (cost $20,000, accumulated depreciation $18,000) for a small computer worth $3,300. ABC Inc. also paid $500 in the transaction. Prepare the journal entry to record the exchange. (The exchange has commercial substance).
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Management And Cost Accounting
Authors: Colin Drury
5th Edition
1861525362, 978-1861525369
