Botella's Taxi Company exchanged a fleet of Toyota vehicles for an equal-sized fleet of Nissan vehicles from the Sentry Transportation Group. i (Click the icon to view additional information.) Prepare the journal entry to record the exchange transaction for Botella's Taxi Company. (Record debits first, then credits. Exclude explanations from any journal entri i More Info X The carrying value and fair value of each fleet of vehicles on the date of the exchange are as follows: Accumulated Carrying Fair Asset Cost Depreciation Value Value Toyota fleet (Asset Given Up) $ 1,091,000 $ 513,000 $ 578,000 $ 796,000 Nissan fleet (Asset Received) $ 960,000 $ 297,000 $ 663,000 $ 676,600 Botella's Taxi received cash of $119,400 and the Nissan fleet in exchange for the Toyota fleet Botella's Taxi does not expect the future cash flows to change significantly as a result of this exchange and, therefore, the transaction lacks commercial substance Print Done This question is complete. Move your cursor over or tap on the red arrows to see incorrect answers. All parts showing MacBook Air esc 20 Fa 888 FA . FS 44 17 DII FB @ Q W E R Y O P tab caps lock A S D F G H K Z X C V B N M shift alt 96 command control option command