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In December 31, 2020 Super Company transferred a used truck to Quartz Company in exchange for a similar truck from Quartz. Assume that this transaction

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In December 31, 2020 Super Company transferred a used truck to Quartz Company in exchange for a similar truck from Quartz. Assume that this transaction lacks commercial substance for both companies. Super-Assets Original Cost $28,000 Accum. Deprec. 17,000 Cash Given 4,000 Fair Market Value of Truck Given 16,000 Que aina DeP Quartz-Assets Original Cost 23,000 Accum. Deprec. 6,000 Cash Received 4,000 Fair Market Value of Truck Given 20,000 The cost of the Truck on Super Companies books would be Multiple Choice 0 $20,000

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