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An old truck, which cost $49,500 and was two-thirds depreciated, was exchanged for a tractor with a fair value of $45,000; $30,000 cash was paid

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An old truck, which cost $49,500 and was two-thirds depreciated, was exchanged for a tractor with a fair value of $45,000; $30,000 cash was paid for the tractor. The exchange lacked commercial substance. At what amount should the tractor be recorded

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