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In an exchange Archie gave up his fully depreciated business use dump truck (FMV $15000) and $5000 for newer business use dump trucik (FMV 20000).
In an exchange Archie gave up his fully depreciated business use dump truck (FMV $15000) and $5000 for newer business use dump trucik (FMV 20000). What is the gain realized and recognized on the exchange
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Managerial Accounting
Authors: Hartgraves And Morse
6th Edition
1934319805, 978-1934319802
