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Fair Delivery Company and Bell Delivery Company exchanged delivery trucks on January 1, 2008. Farr's truck cost $84,000, had accumulated depreciation of $69,000, and has

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Fair Delivery Company and Bell Delivery Company exchanged delivery trucks on January 1, 2008. Farr's truck cost $84,000, had accumulated depreciation of $69,000, and has a fair market value of $9,000. Bell's truck cost $63,000, had accumulated depreciation of $54,000, and has a fair market value of $9,000. Instructions a. Journalize the exchange for Fart Delivery Company. b. Journalize the exchange for Bell Delivery Company

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