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Kingbird Company exchanged equipment used in its manufacturing operations plus $ 4 , 2 6 0 in cash for similar equipment used in the operations

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Kingbird Company exchanged equipment used in its manufacturing operations plus $4,260 in cash for similar equipment used in the operations of Oriole Company. The following information pertains to the exchange.
\table[[,Kingbird Co.,Oriole Co.],[Equipment (cost),$39,760,$39,760
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