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Bryn Enterprises exchanged old trucks ( cost $ 7 0 0 0 0 less $ 2 7 0 0 0 accumulated depreciation ) plus cash

Bryn Enterprises exchanged old trucks( cost $70000 less $27000 accumulated depreciation )plus cash of $20000 for a new semi-truck. The old trucks had a fair market value of $23000. Prepare the entry to record the exchange of assets by Bryn Enterprises.

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