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AN NEXT Question 3 Your answer is partially correct. Try again Sage Hill Inc. traded a used vehide (cost $24,000, accumulated depreciation $20,800) for another

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AN NEXT Question 3 Your answer is partially correct. Try again Sage Hill Inc. traded a used vehide (cost $24,000, accumulated depreciation $20,800) for another used vehide with a fair value of $3,600. Sage Hills paid $290 cash in the transaction Prepare the journal entry to record the exchange, assuming the transaction facks commercial substance. (Credit account sites are automatically indented when the amount is entered. De net indent manually. If ne entry is required, select "No Entry for the account tities and enter for the amounts.) Accountries and Explanation Debit Credit Accumulated Depreciation 20800 veides Vehicles Question Attempts 1 of 5 used

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