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Banta traded equipment that had a cost of $50,000 and book value of $30,000. Banta received $2,000 and equipment (used) that had a fair value

Banta traded equipment that had a cost of $50,000 and book value of $30,000. Banta received $2,000 and equipment (used) that had a fair value of $38,000. There was no commercial substance on the equipment traded. What did Banta record as the cost of the equipment received?

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