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On January 1, 2020, Gagne Co. exchanges an old delivery truck for a new truck. The old truck originally cost $40,000 in 2016 and has

On January 1, 2020, Gagne Co. exchanges an old delivery truck for a new truck. The old truck originally cost $40,000 in 2016 and has a current fair value of $4,750. The Accumulated Depreciation accoun...

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