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Navajo ASA traded a used truck ( cost 3 0 , 0 0 0 , accumulated depreciation 2 0 , 0 0 0 ) for

Navajo ASA traded a used truck (cost 30,000, accumulated depreciation 20,000) for a small computer worth 5,300. Navajo also paid 900 in the transaction. Prepare the journal entry to record the exchange assuming:
a. The exchange has commercial substance.
b. The exchange lacks commercial substance.

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