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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 accumulated depreciation for a small computer worth Navajo also paid 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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