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Aylmer Inc. exchanged equipment used in its business for similar equipment used by Belmont Inc. Belmont paid Aylmer $4,000 cash as part of the deal.

Aylmer Inc. exchanged equipment used in its business for similar equipment used by Belmont Inc. Belmont paid Aylmer $4,000 cash as part of the deal. The following information relates to the assets of...

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