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Hagen Co. exchanged a truck with a carrying amount of $12,000 and a fair value of $20,000 for atruck and $5,000 cash. The fair value

Hagen Co. exchanged a truck with a carrying amount of $12,000 and a fair value of $20,000 for atruck and $5,000 cash. The fair value of the truck received was $15,000. The exchange was notconsidered to have commercial substance. At what amount should Hagen record the truckreceived in the exchange?

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