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Byrde company purchased a truck. The seller asked for $13,600, but Byrde Paid only $12,600 after negotiation. The owner of Byrde company believes he got

Byrde company purchased a truck. The seller asked for $13,600, but Byrde Paid only $12,600 after negotiation. The owner of Byrde company believes he got a great deal and the truck is really worth $17,600. What amount does Byrde record on its financial statements for the truck

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