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B. Jackson Corporation has a forklift that it paid $40,000 for and that has a book value today of $15,000. It is going to trade

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B. Jackson Corporation has a forklift that it paid $40,000 for and that has a book value today of $15,000. It is going to trade this forklift for a new truck with a market value of $25,000. Jackson is going to give its forklift and ,000 cash to acquire the new truck. Make the ent to record the acquisition of the new truck

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