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Kingbird Inc. traded a used vehicle ( cost $ 2 3 , 3 0 0 , accumulated depreciation $ 2 0 , 1 0 0
Kingbird Inc. traded a used vehicle cost $ accumulated depreciation $ for another used vehicle with a fair value of $ Kingbird also paid $ cash in the transaction.Prepare the journal entry to record the exchange, assuming the transaction lacks commercial substance.
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